The Libra Association announced that Blockchain Capital has become the latest member to join the organization behind the Libra project. Blockchain Capital is a reputed blockchain company with a bunch of experts and a good network. Its leverage network and past usage accumulated many scholars that helped the sector spread its wings gradually. Blockchain Capital has amassed a network of experts and entrepreneurs spanning a diverse set of industries and geographies, the announcement stated.
“Creating a more equitable payment system with Libra.”
The co-founder and Managing Partner of Blockchain Capital, Bart Stephens, said “We’re honored to join the Libra Association and believe deeply in the mission of creating a more equitable payment system. Leveraging blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.” Dante Disparte, the Vice Chairman and head of policy and communications for the Libra Association, said that Blockchain Capital brings deep industry insight and a dynamic network of supporters as they build a blockchain-based payment system that supports responsible financial services innovation.
Libra Association appointed the former HSBC exec to lead the project.
As reported earlier, the Facebook-backed Libra Association has appointed former HSBC European head James Emmett to lead Libra’s operational unit tasked with developing and operating its cryptocurrency payments system, the Libra Association announced. The project has brought in many high-level hires since announcing a revamp and formally applying for a Swiss payments license earlier this year. Many of them specialized in financial compliance and ties to the U.S. government and authorities. The Swiss-based organization has made changes to its white paper to please regulators.
Earlier this year, Libra Association had appointed the HSBC’s former chief legal officer Stuart Levey to head the association overseeing the stablecoin project.