Quote from: bartolo on May 17, 2020, 03:09:07 PM

Quote from: Tipstar on May 15, 2020, 03:11:22 PM

Visa was initially a member of Libra association but withdrew from it and now is pursuing a digital blockchain currency of its own. What's your take on it?

It seems they didn't quit Libra for the reasons many people thought, regulations, but for more pragmatic reasons. Instead of being just part of a project, they decided to design and create their own.

I think that's better on their part, they don't have to follow certain regulations that they might not be in favour of or answer some responsibilities that they don't want to. also, it is easy to implement what they want without waiting any approval from the upper level as they are already the owner of the project. Because if they will wait for Libra, they don't know the timeline. So better do it on their own. For me, this is good news as Visa is a huge institution in the Financial Industry, and this will be good news in the crypto community even if they are just converting the existing fiat to digital money.