RATE Group | Jack Dorsey: Bitcoin is becoming the Internet’s national currency
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Jack Dorsey: Bitcoin is becoming the Internet’s national currency

03 Nov Jack Dorsey: Bitcoin is becoming the Internet’s national currency

Posted at 09:48h in Cryptocurrency News by

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Twitter CEO Jack Dorsey on Thursday emphatically ruled out joining Facebook’s Libra project, and reiterated his belief that Bitcoin and cryptocurrencies are the future of Internet money.

Dorsey was asked during a Twitter News Summit in New York whether Twitter would join the Libra Association, the suite of companies supporting Facebook in its cryptocurrency project.

“Hell no,” he replied, adding by way of explanation that Libra is not an Internet open standard that was born on the Internet. 

“It was born out of a company’s intention, and it’s not consistent with what I personally believe, and what I want our company to stand for,” he said.  

Bitcoin: the Internet’s national currency

Dorsey then took the opportunity to reiterate his belief in Bitcoin and other decentralized cryptocurrencies as the future of Internet money. 

“I think the Internet is somewhat of an emerging nation-state in almost every way,” Dorsey said. “It almost has a currency now in the…

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