Bitcoin
$ 31,599
Ethereum
$ 1,191.2
Litecoin
$ 132.73

Facebook Libra Sees Interest from Banks and Other Financial Institutions

 

Bertrand Perez, chief operating officer and interim managing director of the Libra Association, has said that several companies, including banks, are interested in joining the Facebook-led stablecoin project, Libra.

Join the fastest growing network on Telegram

“Banking and financial institutions” have expressed interest in joining the project, Perez told CNBC in an interview published on Tuesday. He did not specify any companies, but said: “We have reputable companies that are also very active in the financial and banking space.”

Currently, no bank is part of the Libra Association, among its 21 founding members. Previously, the association had 28 members, including Facebook. But in recent weeks, 7 high-profile companies – Visa, Mastercard, PayPal, Stripe, eBay, Booking Holdings and online marketplace MercadoLibre – pulled out of the project.

Despite these departures, Perez is “confident” that the association will have 100 members by the time Libra launches. Given the intense regulatory scrutiny of the project, Perez admitted that the launch could get delayed.

“We are aware that we need to answer a lot of questions coming from the regulators and to make them comfortable with the platform and that requires time,” he said, adding: “Launching a few quarters later or before makes no real change.”

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments
January 21, 2021By
IOTA Co-founder Schiener Considers Partnership and Bridge to Cardano
January 21, 2021By
January 21, 2021By

Advertisement

Video Posts

In
Africa Digital Finance Summit 2021
January 20, 20210
In
Promoting Blockchain Adoption in Africa
January 19, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin31,599 1.19 % 9.87 % 15.64 %
Ethereum1,191.2 1.57 % 9.50 % 5.23 %
Tether0.9995 0.04 % 0.48 % 0.41 %
Polkadot16.22 0.57 % 0.76 % 47.11 %
XRP0.2761 0.34 % 4.95 % 9.93 %
Cardano0.3300 1.10 % 7.14 % 5.98 %
Litecoin132.73 0.39 % 9.87 % 10.03 %
Bitcoin Cash436.15 0.64 % 10.92 % 12.20 %
Chainlink19.48 0.73 % 5.68 % 22.10 %
Binance Coin39.87 0.67 % 4.51 % 0.89 %