British telecommunications giant Vodafone have committed to the Libra project despite PayPal backing out earlier in the week.
The chief executive officer Nick Read said his company would continue as a member of the Libra Association but called for the appointment of an independent leader to separate it from Facebook and thereby increase the chances of the project’s success.
Mr Read then went on to comment “The sooner a chief executive is appointed to lead it going forward that is not [from]Facebook, then people will then understand the ambition of the entity itself.”
Libra has come under fire after officials from France, German and the EU commission slated the project. Just today there was confirmation that Facebook’s Mark Zuckerberg will stand before the Senate to answer questions about Libra.
Last time out Libra co-founder David Markus took the stand and the senate members taunted him asking for Mr Zuckerberg and calling Libra “Zuck Bucks”. At least Vodafone are standing by the project and they have had some good news, I am now looking forward to the response from Facebook and their founder.