Visa CEO Says, Facebook And Visa Still In Talks About Libra

The CEO of Visa, Alfred F. Kelly, recently stated that Visa may not be done with Libra after all, as they’re still in discussions with Facebook.

Kelly made the statement in an interview with finance and economics-focused publication Economic Value. Kelly maintained that Visa and Facebook still keep a close relationship in terms of Libra.

Kelly said, “As a curious and open company — and given the leadership we have in the payments ecosystem — we want to engage in everything in the payment space until we reach a point where we believe our engagement is no longer positive.”

Kelly believes that the project just needs more time before implementation, because of the Libra’s disruptive nature and the regulatory requirements involved.

Kelly also made it a point that Libra is not centralized, while Facebook did develop Libra, all members have equal decision-making power and control.

By Ramsey Baker

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