In addition to Temasek joining, Paradigm and Slow Ventures are also new members of the Libra Association, according to ZD Net. Paradigm is a crypto investment firm and Slow Ventures is a venture capitalist firm. Members of the Libra Association are involved in launching Facebook’s cryptocurrency.
"The addition of three new members to the Libra Association, shows our commitment to building a diverse group of organizations that will contribute to the governance, technological roadmap and launch readiness for the Libra payment system," said Dante Disparte, vice chairman and head of policy and communications for the Libra Association.
However, ever since Facebook has announced that it is developing its own cryptocurrency, there has been scrutiny from lawmakers and others. Lawmakers are worried that Facebook will not do enough to protect the privacy of those who use the currency. The French government has taken action to prevent the cryptocurrency from being used in Europe.
Mastercard, Visa, eBay, Stripe and PayPal were all previously members of the Libra Association, but dropped out after increased scrutiny of the project.