Dante Disparte

It is a correction; it's not a setback. by Dante Disparte

It is a correction; it's not a setback.

We are focused on moving forward and continuing to build a strong association of some of the world's leading enterprises, social impact organizations and other stakeholders, although the makeup of the Association members may grow and change over time, the design principle of Libra's governance and technology, along with the open nature of this project ensures the Libra payment network will remain resilient.

It requires a certain boldness and fortitude to take on an endeavor as ambitious as Libra — a generational opportunity to get things right and improve financial inclusion, commitment to that mission is more important to us than anything else. We're better off knowing about this lack of commitment now, rather than later.

Increased clarity on a regulation pathway in Switzerland is key for the association's development and will help inform our conversations with regulators in other markets, the Libra coin is simply a proxy for an instantaneous payment system that is low friction and high trust.