Editor's Note: This article comes fromNakamoto Shallot (ID: xcongapp), Author: Sister Xiaocong, published by Odaily with authorization.
Editor's Note: This article comes from
Nakamoto Shallot (ID: xcongapp)
Nakamoto Shallot (ID: xcongapp)
, Author: Sister Xiaocong, published by Odaily with authorization.
Anchorage、Mercy Corps、Andreessen Horowitz、PayU、Bison Trails Co.、Ribbit Capital、Breakthrough Initiatives, L.P.、Spotify AB、Calibra, Inc.、Thrive Capital、Coinbase, Inc. 、Uber Technologies,Members of the Libra board of directors are closely related to Facebook and its executives, and the "diversification and globalization" claimed by the Libra Association may be questioned again.
On October 15th, Libra's official Twitter and announcement announced that 21 initial members of the Libra Association have officially signed the Libra Association's charter, and formally established the Libra Association Council, elected the board of directors, and appointed members of the Libra Association's executive team. Libra said that this is a big step towards global financial sharing.
Representatives of the following organizations in attendance at the first Libra Council meeting in Geneva have now signed the Libra Association Charter:
The initial members of the Libra Association Council are determined for the first time. The Libra Council is the body responsible for managing the Libra Association. They include:
Inc., Creative Destruction Lab, Union Square Ventures, Farfetch UK Limited, Vodafone, liad, Women's World Banking, Kiva Microfunds, Xapo Holdings Limited and Lyft, Inc.
At the meeting, the Libra Council also appointed a board of directors that includes Kiva chief strategy officer Matthew Davie, Payu general counsel Patrick Ellis, Andreessen Horowitz general partner Katie Haun, Calibra CEO David Marcus and Xapo CEO Wences Cesares.
The official Libra document states that the number of board members will be fixed at five.
It is reported that the Libra Association originally had 28 initial members, but PayPal, Mastercard, Visa, Stripe, Mercado Pago, eBay and Booking giants have recently announced their withdrawal. But the Libra Association said on Monday that more than 1,500 entities still expressed interest in joining the project, 180 of which met the organization's membership criteria. To actually add any new members would require a two-thirds vote of the 21 board members.
Responsible for managing its cryptocurrency is the Libra Association — an independent organization based in Switzerland, a consortium of companies and nonprofits that acts as a bridge between Facebook and its development projects.
According to a CNN report a few days ago, Facebook said that it will ensure that itself and any other company will not have too much influence on Libra. The membership of the organization is planned to increase to 100 in the future.
The Libra Association says it aspires to fulfill its mission of building a better payments network, expanding access to essential financial services, and reducing costs for the billions of people who need them most. As an association, members will continue to carry out important work with applicable regulators around the world, begin the important process of establishing governance and policy structures, and create transparent membership criteria and admission procedures, applied in a uniform and non-discriminatory manner, begin to welcome The first wave of new members.
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Libra board members are close to Facebook and its executives
The Bloomberg article pointed out that the five board members of the Libra Association have one thing in common: a close relationship with Facebook and its executives.
1. David Marcus is the head of the Facebook team who first proposed the Libra plan. David Marcus is currently a member of the Libra board of directors. But he's also an investor in Xapo Inc., and the Xapo CEO sits on Libra's board.
2. Katie Haun, general partner of Andreessen Horowitz Fund, was an early investor in Facebook.
3. Another Facebook investor, Digital Sky Technologies, is partly held by Naspers, which holds a majority stake in PayU's parent company, and PayU's general counsel, Patrick Ellis, is also a member of the board.
4. A fifth member of the board, Matthew Davie of microfinance service Kiva, also has ties to Facebook. One of Kiva's board members is John Muller, Facebook's deputy general counsel, who, like Marcus, came from PayPal.
According to Bloomberg writer Aaron Brown, "Boards in Silicon Valley almost always have this kind of connection. Even people who have no formal relationship with Facebook have informal and indirect ties. Therefore, no one who qualifies as a board member may be completely independent. Facebook. But I don’t see the board as essentially an independent watchdog for Facebook. I see it as a group of qualified and interested people.”
According to a CNN report a few days ago, before Paypal, VISA and other seven giant companies withdrew from the association, the members of the association had extremely close ties.
