RATE Group | Twitter CEO Jack Dorsey backs cryptocurrency startup after turning down Facebook’s Libra
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Twitter CEO Jack Dorsey backs cryptocurrency startup after turning down Facebook’s Libra

02 Nov Twitter CEO Jack Dorsey backs cryptocurrency startup after turning down Facebook’s Libra

Posted at 22:34h in Cryptocurrency News by

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Twitter and Square CEO Jack Dorsey, who recently said his company would never get involved with Facebook‘s Libra, has backed a cryptocurrency startup.

Dorsey, a longtime Bitcoin advocate, participated in CoinList’s $10 million funding round, alongside several other investors.

CoinList, which helps startups raise money through token sales, will use the cash to build CoinList Trade, a new exchange platform, and a cryptocurrency wallet, the Wall Street Journal reports.

This is the first time Dorsey invests in CoinList, which closed a Series B in 2018 from backers including Digital Currency Group and Polychain Capital.

Several months ago, Dorsey said he would pay developers to work full-time on Bitcoin Core and other “cryptocurrency ecosystem” projects.

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