Facebook has already kinda promised us that their Cryptocurrency LIBRA will be up and ready by 2020 and it seems PayPal is now kind of getting a little worried about LIBRA. To be honest the article doesn't say much but we all know that PayPal might be the Institution that may be hugely hit from the success of LIBRA so yeah they should be wary.
Another thing to notice is that if LIBRA is a sucess then it will open the doors to a lot of Cryptocurrencies which might get some much needed Institutional Money that we all need in the Cryptocurrency Market. Now some might say that Institutional Money is already here, and I will agree to that but I don't feel all the Institutions are into Crypto right now but that might change with LIBRA's success.
