Alfred Kelly, CEO and chairman of the global payment giant Visa, said that Visa is not the official partner of Libra, the encryption project announced by Facebook last month.
According to Coindesk.com, Deutsche Bank Securities analyst Bryan Keane asked Kelly about Libra-related issues at the 2019 third-quarter earnings conference call on Tuesday. He asked, “Is Libra a strategic partner of Visa or a potential threat?”
- "People's Court Newspaper": Let blockchain technology insert wisdom wings for wisdom court
- There is no “coin” in the blockchain advocated by the state, but the four big dividends or the ten-year encounter
- Technology Preview: How to create a 5GB stable block?
- Bitcoin should become the industry benchmark, the founder of the senior fund reveals the investment strategy
- Analysis | From Libra's perspective, how to govern the crypto market
- $8.5 million! US Securities and Exchange Commission fines fraud
Kelly deliberately played down the relationship between Visa and Libra. He said, "We signed a non-binding letter of intent to join Libra. We are one of 28 companies interested in it, and no company has officially joined."
Previously, Libra said on June 18 that its partners include Visa, Mastercard, PayPal, Uber, Lyft and Coinbase.
Libra Association policy and communications director Dante Disparte said in an interview with Coindesk, "This means that Libra can be used as long as Visa or Mastercard payment is accepted. This is a huge for cryptocurrency and its mainstream applications. Leap."
For the prospect of Visa's future partnership with Libra, Kelly said that the full Libra project to join Facebook will depend on a number of factors, such as whether the organization can meet all necessary regulatory requirements. Kelly believes that the current cooperation is still "very preliminary," but he also said that this association will benefit Visa.
Previously, according to reports, Morgan Stanley analyst James Faucette said that companies such as Visa are facing a potential "heavy burden" for working with Libra, and their regulatory review may continue to increase.
And Visa has recently entered the encryption industry in a variety of ways. In July, it led a $40 million investment in institutional-level cryptocurrency services company Anchorage. This is Visa's second investment in encryption, after it participated in the $30 million financing of blockchain startup Chain.
Image source: pixabay
By Liang CHE
This article comes from the push bitpush.news, reproduced need to indicate the source.
