The Libra Association signs 21 official members and forms board
|- Libra Association secures official signatures of 21 members.
- David Marcus, the co-founder of Libra, forms part of the six-member board.
The Libra Association managed to confirm 21 members during the inaugural meeting held in Geneva on Monday. The 21 members have signed to become official members of the Libra Association, a body that will take an oversight role for the Libra digital asset.
The signings come immediately after key firms exited the project including PayPal, MasterCard, Visa, Stripe, eBay and Booking.
The meeting in Geneva saw the members sign the Libra Association charter as well as appoint a board of directors. According to The Block, the initial board members are David Marcus who is the co-founder of the project, Andreessen Horowitz general partner Katie Haun, the CEO of Xapo Wences Cesares, the general counsel at PayU Patric Ellis and Mathew Davie the Chief Strategy Officer at Kiva.
Libra Association executive team will fall under the leadership of Bertrand Peres, a renowned PayPal veteran, Dante Disaprte and Kurt Hemecker.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.