Monex Group is rumored to join the Libra Association, a non-profit membership association that operates to develop the Libra network. Monex Group requested a role as a node operator.

The Chief Executive Officer of the company, Oki Matsumoto, made a statement about this decision throughout the Group’s Second Quarter meeting. The president of the group, was extremely positive about the future of Libra, even though Facebook had received backlash regarding their project from jurisdictions, regulators and other entities.

Based on the CEO’s words, Facebook’s new crypto coin will open new opportunities, particularly with regard to financial inclusion and improved international transactions. The application that Monex Group presented is going to be considered this summer and the final decision will be made in fall. In case, Monex Group gets accepted, the company will have to pay an entrance fee of USD 10 million in order to become a part of the Libra Association.

Despite this positivity towards Facebook’s new project, companies such as MasterCard, Visa and Uber, have not yet confirmed their involvement with the Libra project.

Alfred F. Kelly Jr., the Chief Executive Officer of Visa Inc., stated that the members of the Libra Association have signed non-binding letters of collaboration. The final decision relies on how Libra will handle the issues with regulators.