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Shopify Joins Facebook’s Embattled Libra Association

Feb. 21, 2020, 4:25 PM

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.

The decision comes about a month after Vodafone pulled out of the organization to build its own digital system. Some original members of the association, like Visa and Mastercard, left the group in the wake of a pushback from U.S. officials.

When asked about Shopify’s decision to become a member in light of the seemingly ...

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