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Shopify CEO Saw Crypto Is Fascinating And DeFi Integration Opportunity

Mary Liu

Summary: E-commerce giant Shopify CEO Tobi Lutke asked about DeFi technology on Twitter. He said that although the specific definitions are different, the "spiritual" concept of Shopify and DeFi is decentralization. He wrote: "Hey #DeFi Twitter. What are the commerce-related opportunities that you are most excited about? What role do you want Shopify to play?" A ...

E-commerce giant Shopify CEO Tobi Lutke asked about DeFi technology on Twitter.

He said that although the specific definitions are different, the "spiritual" concept of Shopify and DeFi is decentralization. He wrote: "Hey #DeFi Twitter. What are the commerce-related opportunities that you are most excited about? What role do you want Shopify to play?"

A lot of comments emerged, Analyst Alex Svanevik mentioned the use case of DeFi protocols to allow cash in Shopify accounts to earn interest.

Lutke also said that he spent a morning studying Ethereum smart contracts, mainly to understand how ERC20 works better. He added: "Fascinating world."

By Mary Liu

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