As a global payment services provider, we have long understood the pivotal role that payments play in modern society.
Indeed, since Checkout.com’s inception we have been on a mission to change the way that businesses interact with financial services for the better.Everything we do is to improve our merchants’ businesses by helping to optimize their payments function and drive operational efficiencies. This allows them to serve more customers, in more geographies, gaining the most value out of their transactions.
In the past few years, we have witnessed from afar the birth of various digitally native currencies. We are technologists at heart and have always been fascinated by blockchain and the potential benefits it could bring to global transaction processing. At the same time, we felt strongly that regulation should form an integral part of any resulting framework, given its unique ability to protect the ecosystem from systemic abuses. 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.
We greatly value the opportunity to uphold these views by joining the Libra Association.
In the Libra Association, we found a group of peers that share in this philosophy and who demonstrated a thoughtful and realistic approach to how blockchain can be leveraged for the greater good. The Libra project holds the promise of increasing financial inclusion for billions of unbanked people, empowering them to participate in the digital economy and reducing disparities.
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.
I look forward to working with our Libra Association peers to develop this new network and help shape the impact it will have on global commerce.