Visa Claims It’s Not Official Partners With Libra and Only Signed Non-Binding Documents

Libra, Facebook’s cryptocurrency, originally announced it had partnerships with 27 agencies, including Visa, Mastercard, and PayPal. However, Visa Chairman Alfred F. Kelly, Jr. recently stated in the quarterly earnings conference call that the company has not become official partners with Libra.

Kelly said at the meeting that Visa, like the other 26 institutions, expressed interest in Libra but did not become a full member of the organization. He indicated whether he would fully join the Libra organization in the future, depending on several factors, including the ability to meet the requirements of the regulatory body. Kelly also stressed that the meeting is still at a very early stage, and there are still many things that have not been implemented, but “I believe that Visa can help Libra develop.”

At the same time, the Swiss Federal Data Protection and Information Commissioner (FDPIC) also issued a statement that it is still waiting for Libra’s reply. On July 17, FDPIC had written to Libra to respond to the personal data and the current situation of the project, so that FDPIC can assess the ability of the project to evaluate and the regulatory power.