ShapeShift Founder Says Crypto Exchange Service Will Support Libra

ShapeShift could be integrating Facebook's Libra in the near future, Erik Voorhees said.

The Shapeshift CEO commented on Facebook's cryptocurrency project from a personal perspective at the Bitcoin2019 event, declaring that even though Libra doesn't exist yet, there's a space for it in his platform.

"It's too early because it doesn't exist yet but I would love to integrate Libra into ShapeShift when it does exist," Voorhees said.

The cryptocurrency and blockchain entrepreneur explained that his interest in Libra depended on how well the project would work.

"The really interesting thing about Libra is what rules are based on it," he said.

Libra could also serve as a way to usher in broader bitcoin adoption.

The entrepreneur explained that Libra's value could surpass the dollar's, making it a more attractive form of payment.

"I'm very excited that Libra isn't just on a one-on-one parity with the dollar," he said.

Voorhees also said that Libra could make Facebook users more open to digital currencies.

On the other hand, the use of Libra is also a way for new users to get into bitcoin and to get used to price volatility.