New York TimesNew York TimesOdaily Translator |

Odaily Translator |

On June 26, New York Times reporter Nathaniel Popper issued an article saying that in addition to regulators having doubts about Facebook’s cryptocurrency, so are its partners.

One of the biggest selling points of Facebook's cryptocurrency project, Libra, is that the social media company has 27 partners, including big names like Visa, Mastercard and Uber, Popper said.

But some partners in the Libra Association are still approaching Libra with caution. Executives at seven of the companies said they joined the project by signing non-binding agreements, in part because they knew they were not obligated to use or promote the digital token (Libra) if they didn't like its development. , which can be easily exited. The executives spoke on condition of anonymity due to the sensitivity of the negotiations.

The article also mentioned that two people familiar with the matter revealed that Facebook had approached a number of large financial companies about participating in the Libra project, including Goldman Sachs, JPMorgan Chase and Fidelity. The financial firms declined to join, in part because of regulatory concerns surrounding cryptocurrencies, the people said. While press officers at the banks mostly declined to comment, a Fidelity spokesman said the firm was continuing to monitor the project.

Nathaniel Popper then tweetedSupplementary representationSo far, the partners have only signed a non-binding letter of intent (to join the Libra Association). No institution has provided any funding to Libra yet, and some partners say they will make a final decision on joining the Libra Association only after the charter is finalized.