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Live: Congress vs. Facebook's Libra, Calibra Association

Sofia Cabrera

Summary: After the ten minute break, Congressman Tipton opens up with the question “When you are looking at your association, Calibra association, you have got Visa, Mastercard. Are you doing any active recruitment, talking to  any other financial institutions to be able to be on the association.” Marcus replies that “the association membership is actually open as ...

After the ten minute break, Congressman Tipton opens up with the question “When you are looking at your association, Calibra association, you have got Visa, Mastercard. Are you doing any active recruitment, talking to  any other financial institutions to be able to be on the association.” Marcus replies that “the association membership is actually open as long as members meet the criteria that have been published. Of course, that can be subject to change and is in control of the Libra association, but we expect that there will be a number of financial institutions including bank joining its ranks. 

Author: Sofia Cabrera

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