Altcoin News: Visa CEO: The Final Decision on Our Participation in Libra Will be Determined on a Number of Factors

July 24, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The CEO and chairman of Visa, Alfred F. Kelly, said that no company has yet officially joined the Facebook cryptocurrency project, writes The Block, with reference to a statement voiced by Kelly during a discussion of the financial indicators of Visa in the third quarter.

“We have signed a nonbinding letter of intent to join Libra. We’re one of — I think it’s 27 companies that have expressed that interest. So no one has yet officially joined,” he said.

Kelly also said that his company is still at the negotiation stage, and the final decision will depend “on a number of factors,” including the ability of the Libra Association to eliminate regulators’ doubts.

“It’s really, really early days and there’s just a tremendous amount to be finalized,” he added.

Earlier it became known that individual participants can exercise their right and leave the project if they are not satisfied with the vector of its development.

Author: Marko Vidrih