A London-based payments processing platform, Checkout.com has become the latest member to join the Libra Association. The announcement was made by the platform’s CEO and Founder, Guillaume Pousaz, in an April 28 blog post.
Pousaz stated in the announcement that, the Libra project holds the promise of increasing financial inclusion for billions on unbanked people. He said he and his team want to be part of Libra’s effort to empower the unbanked to participate in the digital economy and reducing disparities. Pousaz added that, the only way they can contribute to this is by bringing their unparalleled payments engineering expertise.
According to him, they have witnessed from afar the birth of various digitally native currencies. He said the team have always been fascinated by blockchain and the potential benefits it could bring to global transaction processing. At the same time, they also believe that regulation is an integral component that will protect an ecosystem from systemic abuses. According to him, joining the association is an opportunity to uphold these values.
The Chechout.com CEO added that, the platform found a group of peers in the Libra Association that share a common philosophy with them. He said these peers have also demonstrated a thoughtful and realistic approach to how blockchain can be leveraged for the greater good. Hence, the platform is looking forward to working with them to develop the Libra project and help shape the impact it will have on global commerce.
Notably, Checkout.com is the first payment processor to join the Libra Association after the withdrawal of Visa, MasterCard and PayPal. The addition of Checkout.com now brings the total number of members in the association to 24. The association had earlier this month, announced several changes to the Libra project.