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Shopify joins Libra, willing to accept Cryptocurrencies

With over 1 million merchants and 218 million shoppers, Shopify is one of the biggest e-commerce platforms in the world. Recently the $55b company that’s listed on both the NYSE and the TSE announced that it joined Facebook’s Libra Association. With an official statement on it’s website:

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.

With an outlook for the future, the company aims to make commerce easier and to foresee how the marketplace will transact in years to come. It seems this decision took a while and a lot of thinking before an agreement took place.

Shopify willing to accept Cryptocurrencies

In a recent Tweet, Shopify CEO also made a similar announcement to which we replied to asking if he would do the same for crypto as he has done for Libra.

Tobi stated he was very much pro crypto and that he was an Bitcoin miner in the early days. However, it was the buyer demand that they need before they are able to to provide the supply side of accepting cryptocurrencies.

This sentiment alone is a great sign for the development of things in the cryptocurrency space. With CEO’s like Tobi heading technology companies, adoption and acceptance could be easier than once thought.

 

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