Shopify boss Tobias Lütke joins Coinbase board of directors
Tobias Lütke, CEO and founder of e-commerce platform giant Shopify, is joining cryptocurrency exchange Coinbase’s board of directors.
“We hope to unlock crypto’s potential to increase economic freedom in the same way Shopify democratised online commerce,” says Coinbase CEO Brian Armstrong.
He describes Lütke as a “builder at heart” and notes that he began writing computer code in his early teens. Lütke soon became an active member of the open source community, contributing to projects such as Ruby on Rails, Liquid and ActiveMerchant.
He launched an e-commerce platform in 2004 focused on selling snowboarding equipment. This soon grew into what we know today as Shopify.
“Tobi’s experience as a founder and CEO, scaling his business from a small, niche online marketplace into what has become a critical backbone of global e-commerce will help guide Coinbase as we seek to bring crypto to more people and businesses around the world,” Armstrong comments.
“The concepts of decentralised finance and entrepreneurship exemplify the promise of Web3 where opportunity exists for the many, not the few,” says Lütke, who was an early adopter of crypto through Shopify’s integration with Coinbase Commerce.
“Coinbase and Shopify share this like-minded vision, and I am excited to join the board to support the future that Brian and the Coinbase team are building.”
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