On October 24, in an interview with Economic Value, Kelly assured that Visa still maintains a close relationship with Facebook on the subject, as it believes that digital currencies provide safer payments to more people and places.
“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.” Alfred F. Kelly
He further noted that Libra is not centralized and that although the proposal “was developed by Facebook, all members of the Libra Association have the same decision-making power and control of the project.”
Alfred F. Kelly, CEO of Visa
He also stated:
“In the conversations, we had with the Facebook people, we tried to create something that could bring these people into the system faster.” Alfred F. Kelly
Facebook and the Libra project have been of supreme concern for both global regulators and industry stakeholders in recent months. However, the global regulators remain disquieted by Libra’s potential to undermine the sovereignty of national currencies, while the industry stakeholders question the project’s resiliency in the face of regulator opposition.
Hence, during the questioning, Zuckerberg said that Libra’s founding member, Facebook, might be forced to withdraw from the Libra Association if the Association decides to launch the token without approval from regulators in the United States.