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Checkout.com teams up with the Libra to help unbanked people all over the world

Checkout.com teams up with the Libra to help unbanked people all over the world
  • One of the latest companies to join Libra is Checkout.com, a digital payment processor that is a big believer in the project. 
  • Announced recently, the company thinks that the stablecoin has the potential to bring financial inclusion to billions of people all over the world who unbanked.

One of the latest companies to join the Libra Association is Checkout.com, a digital payment processor that is a big believer in the project from Facebook. Announced recently, the company based in London thinks that the stablecoin has the potential to bring financial inclusion to billions of people all over the world who are living in unbanked territory.

The nonprofit Association from Facebook has welcomed its new member which is the 24th member of the digital currency project from the social network. The payment processing company announced that he will be joining the Association in the blog post published at the end of last week on the 28th of April and stated that the move was part of his wider effort to change International Commerce. They said the following in the post:

“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.”

One of the things that the CEO of the London based company said was that they have always been interested in the power of blockchain and its potential to improve global transaction processing. Guillaume Pousaz said that a robust regulatory framework is exactly what is needed to help ensure technological advancements and provide the needed payment infrastructure. This will help many things including the wider mainstream adoption of the industry.

The blog post further highlights one of the main goals for Libra. This is its financial inclusion for the billions of unbacked adults in all the corners of the world.

It will be interesting to see how this collaboration plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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