Libra adds Shopify as member
Libra, Shopify | February 21, 2020
After shedding several high-profile members, the Facebook-led digital currency project Libra has signed up online commerce giant Shopify.Shopify becomes the first new Libra Association member in four months, stemming a tide in the opposite direction which has seen Mastercard, Visa, eBay, Stripe, Vodafone, Mercado Paygo, and booking.com all bail on the project. Explaining its decision to sign on to the stablecoin initiative, Shopify says: "As online commerce becomes increasingly borderless, it’s easy to forget that payments and the value exchange of goods are not a solved problem everywhere. Much of the world’s financial infrastructure was not built to handle the scale and needs of internet commerce."