Shopify Joins the Libra Association

After suffering several high-profile departures, the Libra Association has just scored a new member.

Canadian e-commerce giant Shopify recently announced that it has joined the beleaguered Libra Association.

The company said that its mission is to “make commerce better for everyone,” and one step in fixing that problem is to join the Facebook-led initiative.

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.

As a member of the Libra Association, we will work collectively to build a payment network that makes money easier to access and supports merchants and consumers everywhere.

The company continued that its goal is to support the journey of the million-strong merchants on its platform. Thus, it’ll advocate for “transparent fees and easy access to capital” and “the security and privacy of our merchants’ customer data.” It looks forward to building infrastructure that empowers entrepreneurs around the world.

For their part, the Libra Association said that it was proud to welcome its newest member, with company head of policy and communications Dante Disparte adding:

“Shopify joins an active group of Libra Association members committed to achieving a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people.”

Photo: Ivan Radic