RATE Group | Jack Dorsey dislikes Facebook’s Libra, strictly against joining Libra
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Jack Dorsey dislikes Facebook’s Libra, strictly against joining Libra

29 Oct Jack Dorsey dislikes Facebook’s Libra, strictly against joining Libra

Posted at 05:45h in Cryptocurrency News by

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  • He also said that Libra is not needed to democratize the financial ecosystem. 
  • Dorsey’s Square App offers Bitcoin trading options.

Although Facebook’s cryptocurrency project has garnered a lot of attention from the Silicon Valley giants, it failed to impress Jack Dorsey, CEO of Twitter and Square. On being asked whether it will become a part of the Libra Association, Dorsey simply said, “hell no!” At a Twitter media event in New York City, Dorsey’s short answer shows his opinion towards Facebook’s Libra. He also said that Libra is not needed to democratize the financial ecosystem. Dorsey said:

Nothing within Libra had to be a cryptocurrency to do what they wanted to do. I don’t know if it’s a gimmick, but a cryptocurrency wasn’t necessary to make that work.

Although Dorsey dislikes Libra, he is one of the supporters of Bitcoin. His payment processing platform Square offers Bitcoin trading options. Speaking about Libra, he…

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