Decentralized finance or as popularly known as DeFi mania has captured players from different spheres. The revolution in the payment industry and every company seeks to remain ahead of the curve due to which industry giants have joined the DeFi bandwagon.
Shopify’s CEO On DeFi
The latest one to express interest in the decentralized world is the Canadian multinational e-commerce company, Shopify’s CEO, Tobi Lutke. According to his latest tweet, the e-commerce giant’s exec is looking for ways to integrate his firm with the decentralized finance ecosystem. He stated,
“Hey, DeFi Twitter. What are the commerce-related opportunities that you are most excited about? What role do you want Shopify to play?”
Lutke had also revealed “dabbling” with smart contracts and exploring ERC-20 ecosystem in yet another tweet which read,
“Speaking of crypto though- I spent the morning dabbling with ETH Smart Contracts. Mainly to understand how ERC20 works better. Fascinating world.”
The tweet by the Shopify exec drew a huge amount of responses. Some advised him to enable users to earn Bitcoin, while others requested to support Bitcoin Lightning Network [LN] payments, stablecoin integration, leveraging decentralized finance protocols to enable cash in Shopify accounts to earn yield among other responses.
It is still unclear if the CEO is serious about DeFi integration into his centralized platform. The mere endorsement by the CEO of the online retailing platform, however, speaks volumes for a space that has been long speculated to be a bubble.
It is important to note that Shopify happens to be one of the largest companies in Canada, is also among the largest in the northern hemisphere. There are more than 3 million online stores as part of its platform. Furthermore, the platform was one of the early adopters of the cryptocurrency industry after it allowed crypto payments via Bitcoin [BTC], Ethereum [ETH] among other tokens following a payment integration in 2014.