Search Inside Bitcoins

Checkout.com Joins With Libra Association

Stripe, Visa and MasterCard Shun Their Partnership with Facebook Libra
Stripe, Visa and MasterCard Shun Their Partnership with Facebook Libra

The controversial Libra Association – the group behind Facebook’s upcoming Libra cryptocurrency – has just acquired Checkout.com as a partner.

Checkout.com, a “global payment services provider” offers a similar service to the would-be cryptocurrency once (or if) it comes to. The joining of the two companies isn’t inherently surprising, then.

A blog post on the matter, written by Guillaume Pousaz, the CEO and Founder of Checkout, shared some insight as to why the two groups are joining:

“Absent of such regulation, it is our fundamental belief that the technological advancements alone would fail to provide the secure and stable payments infrastructure required to drive mass adoption, impeding its progress.”

Essentially, the two have similar values. After all, the Libra Association is meant to bank the unbanked in a literal way. Checkout, of course, would benefit from more users being able to use their services, so one can clearly see why they would push this vision.

“It is obvious to me and the wider Checkout.com team that we want to be part of this effort and can contribute to this endeavor by bringing our unparalleled payments engineering expertise,” Pousaz continues.

It’s worth noting, however, that Libra isn’t exactly in the world’s good graces. Regulators are after the company even after it changed some things around to try and appeal to them.

Read next

X

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

Buy Crypto

68% of retail investor CFD accounts lose money.

eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.

X

InsideBitcoins uses cookies to improve and customize your user experience. Learn more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close