Fri. 02/21 - Libra Gets A (Shopify) Win!
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 21 February 2020
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Mem Ride Home for Friday, February 21st, 2020. I'm Brian McCullough today. |
| 0:09.8 | Shopify joins the Libra Association. |
| 0:12.5 | Facebook will pay you for your data in one specific case. |
| 0:16.5 | Google is cutting down on apps using background location, |
| 0:19.8 | more coronavirus cancellations, |
| 0:21.9 | and the weekend long read suggestions. Here's what you |
| 0:24.3 | miss today in the world of tech. |
| 0:29.4 | Shopify has announced that it will be joining the Libra Association, |
| 0:37.0 | ponying up the $10 million entry fee as is required, |
| 0:41.0 | but also agreeing to operate a node that will process transactions for Facebook's stable |
| 0:46.0 | coin. |
| 0:47.0 | Of course, this is very good news for Libra, after eBay, Visa, Stripe, Mastercard, |
| 0:51.9 | a tonne folks abandoned the crypto collective recently. |
| 0:56.8 | If you're familiar with Shopify's strategy of basically being the Rebel Alliance to Amazon's |
| 1:01.9 | Galactic Empire in terms of e-commerce. This makes a ton of sense, |
| 1:06.5 | quoting Tech Crunch. If Lieberman manages to assuage international regulators concerns which are |
| 1:12.3 | currently blocking its rollout, Shopify |
| 1:15.1 | could gain a way to process transactions without paying credit card fees. |
| 1:19.5 | Lieber is designed to move between wallets with zero or nearly zero fee. That could save |
| 1:24.4 | money for Shopify and the 1 million merchants running online shops on its |
| 1:28.0 | platform. Shopify stressed that bringing merchants reduced fees and bringing commerce |
| 1:33.8 | commerce opportunities to developing nations as reasons it's joining the |
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