David Marcus, head of the Calibra team, the portfolio for LibraCoin, said that the recent withdrawal of seven companies from the Libra Association has no impact on the project. In an interview with Yahoo Finance on Oct. 15, Calibra's David Marcus argued that Facebook's cryptocurrency project is "absolutely not" at risk after PayPal, Visa, MasterCard, Stripe, eBay, Mercado Pago and Booking left the Libra Association. The wicket is not closed Marcus stressed that companies outside the association will still be able to offer LibraCoin services: "One of the misunderstood things is that you don't have to be a member of the Libra Association to create services and products [related to Libra]. So if Visa and MasterCard want to issue Libra wallet cards at a later stage, they can still do it without being members of the association." The Calibra executive further expressed his respect for the seven companies' decision to abandon the project and also thanked them for having the courage to be associated with such a controversial project, even though they tried to cooperate. Marcus also said that he understands that the companies have a responsibility to their shareholders, who "were under a lot of pressure." "This has nothing to do with regulatory concerns," he added. According to Marcus, the departure of the seven companies has nothing to do with regulatory concerns, as the LibraCoin project "complies with all the regulatory and oversight requirements required to make it work." However, he also acknowledged that the Libra issuance process will continue to be difficult and will become even more so. He believes that members of the association should feel passion, energy and have the fortitude to move forward. The news comes after the official founding of the Libra Association in Geneva, Switzerland on October 14. The entity was eventually formed with a different composition than it originally had. However, companies such as Uber, Lyft, Coinbase, Spotify and Vodafone remained among the founding members. As we reported, Libra as an association hopes to attract a total of 100 members before the currency's public launch, which is scheduled for the first half of 2020. However, the exact date is not known. At one point there were even reports that the project in general will not be created.... Tags libra libracoin MasterCard PayPal libra association Visa
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