Sun. Nov 17th, 2019

Jack Dorsey says ‘hell no’ to joining Libra

Source: https://www.theverge.com/2019/10/24/20931058/jack-dorsey-twitter-libra-association-join

Jack Dorsey says ‘hell no’ to joining Libra
Photo by Chesnot/Getty Images

Twitter will never join Libra, CEO Jack Dorsey said today at a Twitter media event in New York City. He said “hell no” when asked if he would join and explained that the Facebook-created cryptocurrency initiative didn’t need to be a cryptocurrency to pull of its broader goals of democratizing the financial system. “I don’t know if it’s a gimmick,” Dorsey said, “but a cryptocurrency wasn’t necessary to make that work”

“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.”

At the same time, Dorsey was broadly enthusiastic about more decentralized cryptocurrencies,…

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Source: https://www.theverge.com/2019/10/24/20931058/jack-dorsey-twitter-libra-association-join

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