Following eBay, Visa, Stripe and different high-profile partners abandoned the Facebook backed cryptocurrency combined, and Libra secured a win with the joining of Shopify.
If Libra succeeds to appease international regulators' interests, which are presently barring its, Shopify could obtain a plan to process sales without spending credit card fees.
* * *
That can preserve money for Shopify and the 1 million traders working online shops on its platform.
Quite a lot has been going on:
A Growth Fairytale: Shopify (TSX:SHOP) (USA) Turned $10,000 Into $220,000 in Just 5 Years | The
Shopify is the leading Canadian e-commerce company and has been around since 2004. However, Shopify saw a significant turnaround with its growth and brand recognition between 2009 and 2019.
Now, the company records tremendous profits year after year and is sitting on the market capitalization of over $80 billion.
Shopify’s stock price has fluctuated and dipped over the last five years. However, it has also bounced back within a couple of weeks or a month and recorded a new high.
$1,000 in Shopify (TSX:SHOP) (USA) in 2015 Would Be Worth This Much Today!
What started off as a small online store for snowboarding equipment now serves as the intermediary for over $41.1 billion in gross merchandise sales every year. The company itself is now worth $73 billion, and the stock is up 62% over the past six months alone.
If you’d noticed Shopify’s stellar growth rate in 2015 and deployed just $1,000 in the company’s shares at the time of its initial public offering at $17 per share, you’d be sitting on a jaw-dropping $35,294 today.
Shopify cancels annual conference due to fears over coronavirus - Business News - Castanet.net
Shopify Inc. says the recent outbreak of a novel form of coronavirus has prompted it to cancel its annual conference.
The Ottawa-based e-commerce giant says the Unite conference was set to take place in Toronto on May 7, but evolving public health concerns have derailed those plans.
The company says in a statement to The Canadian Press that it believes cancelling the conference is the best option to make sure no one's health and safety is at risk.
This may worth something:
Briefing: Shopify Joins Facebook's Libra Project — The Information
Facebook's embattled digital currency, Libra, has added its first new backer since the initiative was unveiled in mid-2019. Shopify announced Friday that it's joining the association Facebook set up to financially back and govern Libra with 20 existing members that include Spotify, Uber, and Coinbase. The Canadian commerce platform, which operates in roughly 175 countries, said it was joining...
First Shopify, Now Crypto Startup Tagomi Joins Libra; Facebook's Stablecoin Picking Up Steam?
New York based crypto prime broker, Tagomi has announced that it is joining Facebook's Libra Association which is governing the Libra stablecoin project, CoinDesk reports. This means that Tagomi is the 22nd member of the association and becomes the second one to become a member since the formation of the organization in October last year. The firm is expected to officially make the decision public before the end of the week.
We're excited to become a member of @Libra_ , sharing a common mission to expand financial inclusion. We believe the Libra project is poised to create a simple, inclusive, and global payment system that will empower billions of people left out of the global economy.
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