Shopify Joins Facebook Libra Association

If you’re a crypto bug, the good news for today is that Shopify, our favorite e-commerce company, became the latest member of Facebook Libra association, and yes, that’s good news.

One may say this is a small step for Libra, but a giant leap for Shopify embracing the globalist cashless society project. The thing about Bitcoin and other cryptocurrencies was that they were supposed to represent a decentralized payment system operating outside the banking/corporate cabal.

Or, to put it another way, a mean for dissidents to still be able to function in a “cancel culture” society, where people with the wrong political views get deplatformed/annihilated by banks, payment processors and sent home to build their own internet.

Well, Libra is the opposite of crypto-freedom, since it’s a corporate backed virtual currency that operates with Mark Zuckerberg’s permission, which means if you get banned from Facebook for a meme, you’ll also lose your Libra privileges, hence you’re back to monkey/peasant/what have you.

Rant aside, Shopify announced via an official blog post that it had joined Facebook’s Libra Association, which means the company has now the opportunity to join forces with the Libra consortium to create a robust payment network that can be used everywhere.

Here’s from the blog post:

“Our mission is to make commerce better for everyone and to do that, 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. This is one step, but not the only step we’ll be taking to be a part of the solution to this global problem.”

Shopify joins Libra after heavyweight members such as eBay, Stripe, Visa, and Mastercard left the party for various reasons. Big names abandoning the Libra ship also include PayPal, Bookings Holding, and Mercado Pago, who all said “nope” to Mark Zuckerberg’s digital ghetto.

Telecom giant Vodafone, another Libra former member, is currently focused on developing its payments solution.

Since the release of the Libra whitepaper by Facebook back in June 2019, there has been a lot of backlash from regulators and governments globally. While some governments have called for more information regarding the stablecoin, others see Libra as a major threat to sovereign currencies, with some opponents vehemently against the development of the crypto coin in their jurisdiction. 

Furthermore, regulatory pressure from different corners caused Facebook to declare that the proposed 2020 launch might experience delay or be canceled altogether.

Recently, the European Union released a document stating that there was no adequate information on Facebook’s LIbra, which prevented the body from determining Libra’s exact nature and how to apply it to existing EU laws. 

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