Shopify joins controversial digital currency group backed by Facebook
Shopify Inc. has joined a controversial, Facebook Inc.-led group working on a worldwide digital currency even after technology and financial services heavyweights have fled the high-profile association.
In a post on its website and in tweets from Shopify chief executive Tobi Lutke on Friday, the Ottawa-based e-commerce company revealed it has become a member of the Libra Association, a non-profit organization Facebook co-founded to act as an authority for the currency.
“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,” Shopify said in its post.
“This is one step, but not the only step we’ll be taking to be a part of the solution to this global problem.”
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