Shopify Becomes Latest Member of Facebook Libra Association | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
E-commerce giant, Shopify, has become the newest member of the Libra Association, following the departure of some members. While this may be a win for Facebook’s Libra Association, the status of the Libra stablecoin remains cloudy.
Libra Association has a New Entrant
Shopify took to its blog on Friday, February 21, 2020, to officially announce that it had joined the Libra Association. According to the announcement, becoming a member of Facebook’s Libra Association will afford the company the opportunity to join forces with the Libra consortium to create a robust payment network that can be used everywhere.
An excerpt from the blog post reads:
“Our mission is to make commerce better for everyone and to do that, we spend a lot of our time thinking about how to make commerce better in parts of the world where money and banking could be far better. That’s why we decided to become a member of the Libra Association. This is one step, but not the only step we’ll be taking to be a part of the solution to this global problem.”
Furthermore, the e-commerce company stated that a large part of the current global financial infrastructure was not designed to cater to the needs of internet commerce.
The Libra Association had initially lost some of its members,