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.
Shopify spends a lot of 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. https://t.co/w8NWY874xr
— Tobi Lutke 🌳🌲🛒🕹 (@tobi) February 21, 2020
When asked about Shopify’s decision to become a member in light of the seemingly problematic start, CEO Lutke said they liked to make decisions on future potential instead of heard movement.
We like to make decisions based on future potential instead of heard movement. Funnily enough this usually leads to us doing the opposite of the others
— Tobi Lutke 🌳🌲🛒🕹 (@tobi) February 21, 2020
