21 companies officially joined the Libra Association

21 companies officially joined the Libra Association

More than twenty organizations officially joined the Libra project after the Libra Association meeting on Monday.

During a meeting in Geneva, representatives of twenty-one organizations officially signed the charter of the Libra Association. The formal joining of the participants to the project follows the exit from the association of five members at once – Visa, Mastercard, eBay, Stripe and Mercado Pago, who announced their decision last week.

Board members include Calibra co-founder David Marcus, Andreessen Horowitz general partner Katie Haun, Xapo CEO Wences Casares, PayU General Counsel for Legal Affairs Patrick Ellis and Strategy Director Kiva Matthew Davie

The management team of the association included Bertrand Perez, Dante Disparte and Kurt Hemecker. Despite the fact that several large companies recently left the project at once, the association claims that more than 1,500 organizations have expressed interest in joining Libra.

Last week, US senators called on payment companies to reconsider plans to participate in the project, and the Bank of England issued requirements for launching Libra in the UK. In addition, the fintech company Current sued Calibra for infringement of ownership of the logo.