Shopify joins Facebook cryptocurrency project

Shopify, a Canadian company, joined the Libra association, created to launch the cryptocurrency of the same name. On 21st of February , the Shopify press service reported it.

Shopify specializes in developing software used in e-commerce. The company noted that the launch of Libra cryptocurrency will help simplify commercial operations around the world.

The Libra project was introduced by Facebook in June 2019. To launch cryptocurrency, an association was created, which included large international companies. It was planned that the project will be launched in 2020.

libra

This idea was not welcomed in most countries, and several governments have explicitly stated that Libra threatens the stability of national financial systems. Subsequently, Visa, MasterCard and PayPal left the Libra Association.

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