24 February 2020

Shopify joins Libra Association

Written By FinTech Alliance in Blockchain

Shopify joins Libra Association

Ecommerce business Shopify has become the latest member of Facebook’s Libra Association.

In Brief:

  • The company will contribute at least $10mn.

  • It will operate a node that processes transactions for the coin.

  • Shopify hopes that if the project is successful it will be a way to avoid credit card fees, saving money for the merchants on its platform.

What does this mean?

Shopify says the project fits in with its mission to “make commerce better” as it will offer the opportunity to support the merchants on its platform. “Much of the world’s financial infrastructure was not built to handle the scale and needs of internet commerce,” said the company.

Read more here.

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in Blockchain

Ripple plans stablecoin

05 April 2024

Crypto and blockchain giant Ripple is launching its own dollar-pegged ...

Posted By The Community

Webcast Replay | Digital Asset Risk, Insurance, and the Year Ahead

25 March 2024

The global regulatory clarity that digital asset companies have long sought is slowly but steadily m...

Written By: Lockton

BlackRock's $10trn Tokenisation Vision

22 March 2024

BlackRock, the world's largest asset manager, has taken its first ...

Zone raises $8.5mn in Seed Funding

19 March 2024

Scaling its decentralised payment infrastructure. In brief:- Africa’s fast-growing payment infrastructure ...

White Papers Blockchain

Fuel the rise of NFT economy

06 September 2022

Non-fungible tokens or NFTs are cryptographic assets on blockchain with unique identification codes...

White Papers Blockchain

The Blockchain Job Report 2022

26 July 2022

Blockchain as an industry has grown exponentially in the past 2 years and has disrupted several indu...

White Papers Blockchain

PwC on: DeFi - Defining the future of finance

04 May 2022

Decentralised Finance (DeFi) has experienced tremendous growth since mid-2020. While it is still in....

White Papers Blockchain

Citi: Metaverse and Money - Decrypting the future

07 April 2022

The Metaverse as a concept has been around for a few decades. However, interest in the virtual world...

There are no Events in this category