Libra Cryptocurrency Backers Officially Sign Charter | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Following the departure of some early backers from the Libra Association, a slew of organizations have indicated interest in becoming a part of the Libra crypto project. Apart from new companies showing interest in Facebook’s virtual currency project, the Libra Association made new appointments according to a report from TechCrunch.
Project Continues to Attract Backers
At a meeting held in Geneva, Switzerland, October 14, 2019, 21 companies out of the 28 companies who originally joined the Libra Association, signed the Libra Association Charter. Also, the body appointed its board of directors and the members of the executive team for the Libra Consortium.
The board of directors, which consists of five people, which include David Marcus, Head of Calibra; Wences Casares, Xapo CEO; Katie Haun and General Partner with Andreessen Horowitz.
Other executives include Bertrand Perez, as Chief Operating Officer (COO) of Libra Association and interim managing director, who also functions as the chairperson of the five-member board of directors and Dante Disparte, is the Head of Communications and Policy at Libra.
BTCManager earlier reported the departure of some original backers of the Libra Association, possibly due to the regulatory pressure on the Libra cryptocurrency. Big names like eBay, Stripe, Visa, and Mastercard, pulled out of the Libra project.
Furthermore, companies like PayPal, Bookings Holding, and Mercado Pago, reportedly left the Libra project, bringing the number of early backers from 28 to 21.
However, with the departure of the seven companies comes the entrance of over 100 firms.