Libra’s Backing Members Officially Sign The Projects Charter

October 17, 2019 in Bitcoin


Earlier this week, the Libra Association at long last finally wrote up the contract for its charter.

Writing in a press release which was posted on Monday, the Association confirmed the 21 member firms had signed the contract. Note that only 21 companies signed the contract, which is seven less than the original 28 highlighted in the original documentation however, after PayPal, Mastercard and other firms dropped out, this was expected. 

As reported by Ethereum World News, the companies that went onto to sign the charter include:

“Anchorage, Andreessen Horowitz, Bison Trails Co., Breakthrough Initiatives, Calibra (Facebook’s cryptocurrency subsidiary), Coinbase, Creative Destruction Lab, Farfetch UK, Iliad, Kiva Micorfunds, Lyft, Mercy Corps, PayU, Ribbit Capital, Spotify, Thrive Capital, Uber, Union Square Ventures, Vodafone, Women’s World Banking, and Xapo Holdings.”

In the backlash of the tweet, many users had different opinions on the matter.

One analyst under the name, EveryLastSat egged on the association and said, “Go all in on bitcoin and transform the world”.

Another user kindly put, “That’s a lot smaller than you started with.  But hey, thank Zeus you still have Bison Trails.”

You can take a look at the rest of the Twitter thread here. It’s interesting to see so many mixed opinions on just one project.

Nevertheless, it will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!





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