Visa CEO says it is not a formal partner of Facebook Libra

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?”

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.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Why is the bitcoin trading volume of Korean first-tier exchanges difficult to recover?

Source: LongHash As the country with the third-largest crypto exchange in daily trading volume (after the United Stat...

Blockchain

A new attempt at traditional finance, the technology of the Stock Exchange enters the currency circle

In January 2019, the London Stock Exchange Group announced a partnership with the digital asset trading platform AAX,...

Blockchain

WIRED Investigating the Mysterious Hacker Incident on the Day of FTX Bankruptcy

Author | Wired Translated | Wu Shuo Blockchain Original Link https//www.wired.com/story/ftx-1-billion-crypto-heist/ w...

Blockchain

Decentralized exchange Newdex strength to play "fake"

From the earliest decentralized exchanges in the EOS ecosystem, it has grown and steadily occupied the top spot of EO...

Opinion

US SEC Chairman's pessimistic tone: Cryptocurrency businesses often non-compliant, filled with opacity and risk

During a Q&A session at the 27th annual Financial Markets Conference held by the Federal Reserve Bank of Atlanta ...

Opinion

OPNX Development History Tokens soar by a hundredfold, becoming a leading bankruptcy concept?

OPNX is the most comprehensive and complete in terms of product conception in the debt trading field, but from the pe...