4 ms·

Where is the Visa press release? Where is the Uber CEO interview on Libra? The Libra membership list is kind of meaningless, given that none of the partners se

by drcode 7y ago

Where is the Visa press release? Where is the Uber CEO interview on Libra? The Libra membership list is kind of meaningless, given that none of the partners seem to have any interest of promoting the project... mainly Zuck just asked these companies "Hey, you want to be on a list for a tech project for some free PR?" and until we hear more from the partners there's no reason to take this list seriously.

cameronbrown 7y ago
It's likely going to be more stringent than that. I doubt Visa/MasterCard would allow their logo next to Libra without knowing what they're signing up for.
- drcode 7y ago
  I'm sure Zuck & Visa signed an agreement that says "We agree to talk about some tech ideas and do some exploration under the name 'Libra' with no commitment from either party long term for anything." The talk about having to pay 10 million dollars is a red herring, I guarantee you Visa hasn't paid FB anything so far.
pavlov 7y ago
It's not entirely free: those companies are paying $10M to run a Libra node. That's still pocket change as a hedge in case it actually takes off. So maybe they're happy to shut up for now, let Zuck take the regulatory flack, and if it seems like Libra will take off on FB's efforts, they're positioned to benefit from adoption.
- drcode 7y ago
  > those companies are paying $10M to run a Libra node Please show me a citation of where is says concretely that Visa/Uber/etc have handed $10M to this project. The Libra project so far is just wishful thinking about things that maybe, might possibly happen sometime.
  - deleted 7y ago
    [deleted]
  - pavlov 7y ago
    What kind of proof do you expect? Even if I somehow had the wire transfer receipt in hand, Facebook could simply be giving Visa and Uber a $10M rebate on their advertisement bill in return. This is not a material sum for these companies when it comes to such a major partnership. However, since these rules are supposed to apply to everyone who wants a seat at the Libra Association, I do assume that Uber and Visa are paying the fee.
educationcto 7y ago
Visa press release: https://usa.visa.com/visa-everywhere/blog/bdp/2019/06/13/visa-announces-intent-1560469988368.html https://usa.visa.com/visa-everywhere/blog/bdp/2019/06/13/vis... "Visa announces intent to join the Libra Association"
- drcode 7y ago
  OK, that's fair- It's still an awfully soft commitment to the project... they're not even part of the association yet.

by drcode 7y ago

cameronbrown 7y ago

It's likely going to be more stringent than that. I doubt Visa/MasterCard would allow their logo next to Libra without knowing what they're signing up for.

drcode 7y ago
I'm sure Zuck & Visa signed an agreement that says "We agree to talk about some tech ideas and do some exploration under the name 'Libra' with no commitment from either party long term for anything." The talk about having to pay 10 million dollars is a red herring, I guarantee you Visa hasn't paid FB anything so far.

pavlov 7y ago

It's not entirely free: those companies are paying $10M to run a Libra node. That's still pocket change as a hedge in case it actually takes off. So maybe they're happy to shut up for now, let Zuck take the regulatory flack, and if it seems like Libra will take off on FB's efforts, they're positioned to benefit from adoption.

drcode 7y ago
> those companies are paying $10M to run a Libra node Please show me a citation of where is says concretely that Visa/Uber/etc have handed $10M to this project. The Libra project so far is just wishful thinking about things that maybe, might possibly happen sometime.
- deleted 7y ago
  [deleted]
- pavlov 7y ago
  What kind of proof do you expect? Even if I somehow had the wire transfer receipt in hand, Facebook could simply be giving Visa and Uber a $10M rebate on their advertisement bill in return. This is not a material sum for these companies when it comes to such a major partnership. However, since these rules are supposed to apply to everyone who wants a seat at the Libra Association, I do assume that Uber and Visa are paying the fee.

educationcto 7y ago

Visa press release: https://usa.visa.com/visa-everywhere/blog/bdp/2019/06/13/visa-announces-intent-1560469988368.html https://usa.visa.com/visa-everywhere/blog/bdp/2019/06/13/vis... "Visa announces intent to join the Libra Association"

drcode 7y ago
OK, that's fair- It's still an awfully soft commitment to the project... they're not even part of the association yet.