Canadian E-Commerce Giant Joins Libra Association
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21 February
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Canadian multinational e-commerce company Shopify has joined the Libra Association, the company announced on Friday.

Swiss President Claims Libra Has Failed in Its Current Form

According to the announcement, Shopify will work collectively with the Libra Association to create a payment network that makes money "easier to access and supports merchants and consumers everywhere."

"We want to create an infrastructure that empowers more entrepreneurs around the world," the company said in the announcement.

The company says it decided to join the association since its mission has always been focused on making commerce better for everyone. Founded back in 2004, Shopify is a SaaS constructor of online stores and one of the main BigCommerce competitors.

At the end of 2016, the company reported 377,500 customers and a total of $29 billion in-store sales.

Earlier iHodl reported that Mastercard decided to leave the association as its key members could not give a clear answer on whether the social network would integrate the KYC due diligence, fight with money laundering, store users' data or not.

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