The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. October 8, 2019 PayPal Drops Out of Libra Cryptocurrency in Blow to Facebook's Plans -------------------------------------------------------------------- In financial news, Pay Pal has canceled participation in Facebook's plans to launch a new global digital currency called Libra. Pay Pal's exit is a blow against the social media giant's plans to partner with credit card companies, banks and gig economy giants to create a cryptocurrency that could reshape the world's financial system. .