Shopify ecommerce platform …

Shopify ecommerce platform …

Shopify Ecommerce Platform Joins Libra Association

This Friday, the Libra Association announced its first expansion since the departure of eBay, Visa, Mastercard and several other initial members. Shopify, an e-commerce platform, has become a new member, which will have to contribute at least $ 10 million to become a node operator in the stablecoin network..

As Shopify itself notes, if members of the organization manage to bring their vision to life, despite the opposition of global regulators, they will have access to transactions without the fees associated with bank cards. This will save not only Shopify, but also a million sellers using the platform’s services..

Shopify stressed that the desire to help merchants reduce commissions and create new e-commerce opportunities in developing countries prompted the company to join the Libra Association..

“Much of the world’s financial infrastructure was not built to cater to the scale and needs of online commerce,” writes Shopify. – Our mission is to improve e-commerce for everyone. We’ve spent a lot of time thinking about how to do this in parts of the world where money and banking leave a lot to be desired. We will work with other members of the Libra Association to create a payment network that will simplify access to money. “.

Shopify ecommerce platform ...

“We proudly welcome Shopify, Inc. (SHOP) in the Libra Association, said the head of public relations for the organization Dante Dispart. – Shopify, Inc., as a multinational commerce platform serving over a million entrepreneurs in approximately 175 countries, brings its valuable knowledge and experience to the Libra project. Shopify joins an active group of Libra members committed to creating a secure, transparent, and consumer-centric implementation of a global payment system that will break financial barriers for billions of people. “.

The Libra Association was founded in October to run the global stablecoin project announced by Facebook in June. To date, Vodafone, Visa, Mastercard, Stripe, PayPal, Mercado Pago, Bookings Holdings and eBay have refused to participate, and its current members are Calibra, PayU, Farfetch, Lyft, Spotify, Uber, Illiad SA, Anchorage, Bison Trails , Coinbase, Xapo, Andreessen Horowitz, Union Square Ventures, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures, Creative Destruction Lab, Kiva, Mercy Corps and Women’s World Bank.

Shopify ecommerce platform ...

Similar articles

admin