PayPal has become the first firm to drop out of Facebook's digital currency project Libra.
The online payments company made the announcement on Friday without specifying what had prompted the decision.
PayPal was among a group of 28 companies and non-profits that were joining forces to develop Libra.
It said it "(remained) supportive of Libra's aspirations" but had chosen to focus on its own core businesses.
There have been growing concerns about how people's money and data will be protected.
Dubai-based Telegram app to hit 1 billion users 'within a year'
The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like "forest fire", its billionaire founder Pavel Durov said on Tuesday.
Microsoft invests $1.5 billion in Abu Dhabi AI company G42
G42, the leading UAE-based artificial intelligence (AI) technology holding company, has announced a $1.5 billion investment from Microsoft to strengthen it's expansion into new markets across the globe.
Spinneys announces intention to float on Dubai Financial Market
Spinneys Holding has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market.
DXB remains world's busiest international airport
Dubai International Airport (DXB) has been ranked the world's busiest hub for international passengers for a tenth consecutive year.
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