Simon Morris, the head of product at the Libra Association, has left the project within five months of joining, according to his LinkedIn profile.
Simon Morris, the head of product at the Libra Association, has left the project within five months of joining, according to his LinkedIn profile accessed on Oct. 9.
The Switzerland-registered Libra Association is a not-for-profit membership organization established to govern the network for Facebook’s planned stablecoin Libra.
A BitTorrent veteran and fleeting Libra contributor
Morris’s LinkedIn page indicates that he left the Association in August — roughly two months after the social media giant announced its Libra plans.
Prior to his work on Libra, Morris was a BitTorrent veteran, working there for almost 9 years across multiple roles until 2016, followed by a second stint in 2017–18 to oversee the design and development of a cryptocurrency project to be integrated into the BitTorrent protocol. Morris’s profile continues:
“The work led directly to acquisition discussions which culminated in the acquisition of BitTorrent by TRON in May 2018. The crypto project lives on and is being brought to market under the name ‘Project Atlas.’”
Wavering allegiances
On Oct. 4, PayPal, one of the Association’s major backers, pulled out of participation altogether citing worries that its own reputation might suffer.
“We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” a PayPal representative told Cointelegraph at the time.
On Oct. 2, reports surfaced that fellow Association members Visa, Mastercard and Stripe were also reevaluating their participation, similarly citing reputation concerns as well as Facebook’s allegedly exaggerated claims of regulators’ acceptance.
Libra has notably faced a major backlash from regulators worldwide since its unveiling in June.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.