#CryptoCorner: Visa Still Has Not Officially Joined Libra, Senate Banking Committee to Hold #Crypto Hearing and Retailer Newegg Expands BTC Payments to 73 New Countries
#CryptoCorner: Visa Still Has Not Officially Joined Libra,
Senate Banking Committee to Hold #Crypto Hearing and Retailer Newegg Expands
BTC Payments to 73 New Countries
Point Roberts WA, Delta BC, July 24, 2019
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Stocks
discussed: (NasdaqGS:FB) (NYSE:V)
In a Q3 2019 earnings call
published yesterday, Visa (NYSE:V) revealed that it has not yet officially
joined as a partner with Facebook (NasdaqGS:FB) in the latter’s Libra project.
Alfred F. Kelly Jr., Visa’s chairman and CEO, said:
“…the
first thing I'd say I think it's important to understand the facts here and not
any of us get out ahead of ourselves. So we have signed a nonbinding letter of
intent to join Libra. We're one of – I think it's 27 companies that have
expressed that interest. So no one has yet officially joined.
We're
in discussions and our ultimate decision to join will be determined by a number
of factors, including
obviously
the ability of the association to satisfy all the requisite regulatory
requirements.”
Also yesterday, it was
revealed that the Libra Association has yet to respond to an information
request from the Swiss Federal Data Protection and Information Commissioner
(FDPIC). An excerpt from the press release reads:
The
FDPIC stated in his letter that as he had not received any indication on what
personal data may be processed, the Libra Association should inform him of the
current status of the project so that he could assess the extent to which his
advisory competences and supervisory powers would apply.
The U.S. Senate Banking
Committee has announced a full hearing on cryptocurrency
regulation to be held on Tuesday, July 30. Titled Examining Regulatory Frameworks for Digital Currencies and Blockchain, the
hearing’s witnesses include: Jeremy Allaire, Co-Founder, Chairman and Chief
Executive Officer, Circle, on behalf of The Blockchain Association; Rebecca M.
Nelson, Specialist in International Trade and Finance, Congressional Research
Service; and Mehrsa Baradaran, Professor of Law, University of California,
Irvine School of Law.
Online tech retailer
Newegg has expanded its acceptance of Bitcoin (BTC) as a payment form in 73 new countries.
This is facilitated through the company’s partnership with crypto payments
processor BitPay, which began in 2014. Anthony Chow, Newegg President Global
Sales, commented:
“Five
years ago, we were one of the first major online shopping destinations to
accept Bitcoin, and our early-adopter customers were quick to embrace this new
payment option. Broadening the ability to pay with Bitcoin to the majority of
our global network underscores our commitment to bring innovation to the online
shopping experience, and answers customers’ growing preference for our Bitcoin
payment option.”
Sam
Mowers, Investorideas
Crypto Corner Sponsors:
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