November 25, 2019 by Clementine
The abandonment of the project Libra by the payment processor PayPal still feeds the discussion. In fact, the topic has been back on the mat when Dan Schulman, the CEO of the company, has given an interview to Fortune in which he had not failed to reiterate its support for Bitcoin.
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Libra is a project ill-prepared
The decision of Paypal to withdraw from the project Libra was not gone unnoticed. Dan Schulman explains the reasons that drove the giant of the digital payment to leave, suddenly, the project.
Of course, Libra has been presented in a way to promote financial inclusion, however it does not yet have the stuff to support an ambition that is also great. Given the speed of galloping with which develops the technology Blockchain, Libra is far to follow this rhythm.
Aware of this apparent gap for a project as important as the Libra, the group Paypal has decided to turn back to trace his.
“We would be able to advance financial inclusion more quickly than if we put all these resources on Libra,” says the director general of Paypal.
An amicable divorce
Although most people think that the break between the two entities was in tears and cries, this was not the case.
“This was not a divorce is acrimonious or something like that. It’s just that they are going to start engaging in a way that we are very interested to follow and watch, and maybe later, there are ways to work together, ” says Schulman.
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Clementine
Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.