Facebook’s Caliber chief said the recent merger of the seven companies with the Crime Association has had some impact on the project.
Deciduous can still run the spoon
In an interview with Yahoo Finance on October 15, David Marcus of Caliber claims that the Facebook crypto project is “really not” in danger of PayPal, Visa, Mastercard, Stripe, eBay, Mercado Pago and by Boxing leaving Libra.
Marcus emphasized that companies outside the official union could still offer platform services:
“One thing that is not well understood is that you do not need to be a member of the Libra Association to establish services and products. Therefore, if Visa and MasterCard want to pull cards for scales later, they can still do so without the members of the association.”
Caliber executives reiterated their respect for the seven companies’ decisions to step down from the project and thanked companies for the courage to “potentially unravel” themselves.
Marcos said he understands companies have a responsibility to their shareholders who “put a lot of pressure”.
Deportation is not related to regulatory concerns
Marcus said the departure of the seven companies has nothing to do with regulatory issues, as the Libra project “has all the regulatory requirements and oversight of this function.”
However, management acknowledged that the process around Libra will continue to be difficult and aggravated until simplified, and that the members of the association must possess the passion, energy and power to move forward.
The news comes after Libra was officially established in Geneva, Switzerland, on October 14, with the remaining 21 first members, including Uber, Lyft, Coinbase, Spotify and Vodafone.
Libra is reportedly hoping to attract 100 members before its public launch by 2020.
Meanwhile, US President Warren Davidson recently said that Facebook has added another bitcoin (BTC) diameter to create a new