Shopify joins Facebook’s embattled Libra Association

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Canadian e-commerce platform Shopify Inc. announced Friday it was joining the Facebook-led Libra Association, becoming the first new member since several high-profile exits.

Shopify Chief Executive Officer Tobi Lutke, in a Twitter post, called it a way to improve money and banking.

When asked about Shopify’s decision to become a member in light of the seemingly problematic start, CEO Lutke said they liked to make decisions on future potential instead of heard movement.

Bloomberg News
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