RATE Group | Twitter CEO Jack Dorsey says “hell no” to joining Facebook’s Libra ‘cryptocurrency’
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Twitter CEO Jack Dorsey says “hell no” to joining Facebook’s Libra ‘cryptocurrency’

25 Oct Twitter CEO Jack Dorsey says “hell no” to joining Facebook’s Libra ‘cryptocurrency’

Posted at 15:25h in Cryptocurrency News by

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Twitter CEO Jack Dorsey has said the popular microblogging site will never join Facebook’s controversial ‘cryptocurrency’ project.

Speaking at a Twitter media event held in New York City yesterday, Dorsey replied “Hell no” when asked if Twitter would join Libra, The Verge reports.

The CEO, who also founded well-known payments company Square and several months ago shared his cryptocurrency plans with TNW, also questioned the tech giant’s intentions to issue its own ‘cryptocurrency‘:

“I don’t know if it’s a gimmick…but a cryptocurrency wasn’t necessary to make that work,” he said in allusion to Facebook‘s purported plans to democratize the financial system.

“It’s not an internet open standard that was born on the internet,” Dorsey said.

“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…

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