CEO of Visa Claims Company Is Still Interested In Facebook’s Libra Crypto Project
The CEO of Visa, Alfred F. Kelly, has recently affirmed that, despite dropping out of the Libra Association, Visa is still interested in the project. This information comes from an interview made by the Brazilian financial media outlet Valor Economico (Economic Value).
According to Kelly, Visa still has a very close relationship with Facebook and it believes that digital currencies can be a good way to provide safer payments for people in different areas of the world. Kelly’s position is that Visa will engage with everything in the market up until it no longer believes that the engagement is positive anymore.
The main goal, he believes, is to create solutions that will be used to bring people faster to the financial world, so the relationship with Facebook is far from over.
He affirms that the Libra still needs more time to be fully developed and implemented in a satisfactory way, which is expected as it is a very disruptive initiative. Also, he took some time to talk about how he does not see the Libra Association as something centralized because each participant has the same power in making the decisions.
Right now, 1.7 billion adults are unbanked around the world. The CEO of Visa believes that Facebook can help with this situation when its project is ready.
In related news, Mark Zuckerberg, the CEO of Facebook, has testified yesterday. During his speech, he affirmed that Facebook may need to withdraw from the Libra Association in case the organization decides to go forward and launch the token anyway without approval.