E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project, Libra. E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook’s stablecoin project Libra . Shopify, a major Canada-based digital commerce platform hosting more than one million merchants, will be collaborating on the establishment of a global payment network within the Libra Association, the firm officially announced on Feb. 21. The Libra Foundation has confirmed the news in a Facebook post , outlining that Shopify would be an “incredible partner in making widespread economic participation a reality.” Shopify believes that traditional financial system wasn’t built for Internet commerce In the announcement, Shopify claimed that its action to join the network comes in line with the company’s desire to tackle the unsolved problem of cross-border payments. According to the company, “much of the world’s financial infrastructure was not built to handle the scale and needs of internet commerce.” Shopify further emphasized that as a major global e-commerce platform, the company should challenge existing standards in the global payment system in order to bring “transparent fees and easy access to capital,” while ensuring the security and privacy of merchants.