On Tuesday, Visa Chairman and CEO Alfred F. Kelly said in a third-quarter earnings conference call in 2019 that no company has officially joined Facebook's Libra project. He said: "We have signed a non-binding letter of intent to join Libra. I think 27 companies have expressed interest in this, we are one of them, so no one has officially joined (Libra)." Kelly also said that Visa Discussions are ongoing and its final decision to join the project will depend on “a range of factors”, including the ability of the Libra Association to address all regulatory issues. Kelly said: "It's still too early, and there's a lot of work to be done."