Commercial Companies Such as PayPal and Visa Intend to Withdraw from the Libra Committee

The market has repeatedly reported that members of the Libra committee are considering withdrawing, including PayPal, Visa, and Mastercard, but Calibra CEO, David Marcus, who is responsible for promoting Libra’s development, denied the rumors.

According to a report by the Financial Times yesterday, PayPal, the electronic payment company, is worried about regulatory risks and intends to withdraw from the Libra Committee. Representatives of the company were absent from the meeting on Thursday, and the outside world saw this news as a harbinger of future turbulence. Dante Disparte, director of policy and communications at Libra, responded that it is not a good way to move forward. “We recognize that change is difficult, and each organization will continue to observe Libra’s progress and measure risk and return. “

At the same time, the Wall Street Journal recently reported that the two major credit card companies Visa and Mastercard are also considering withdrawing from the committee, and they are as worried about the regulatory risks as PayPal, which may affect the current business. If the large-scale enterprises mentioned above withdraw, the outside world is worried that there will be more companies in the 28 committee members, which will affect the popularity of Libra.

However, Calibra’s Marcus said in personal Twitter that no members are currently aware of any further involvement in Libra. “We are very calm and confident to resolve the regulatory concerns.” He said that Libra is proposing how to bring the value of virtual currency to the forefront. As for the PayPal spokesperson, there is no response to relevant rumors.