Twitter CEO Jack Dorsey Says ‘Hell No' To Joining Libra Association; Still Bullish On Bitcoin

The multi-corp backed Libra stablecoin isn't having a great couple weeks. Facebook's Zuckerberg gets bashed at the financial committee, major players exit the association, and now an industry giant says they want nothing to do with it. But Dorsey is still jacked about BTC.

Twitter’s CEO, Jack Dorsey, recently made it clear that they have no intention or interest in joining Facebook’s Libra cryptocurrency project.

According to Hollywood reporter, Alex Weprin, the Twitter CEO aired his sentiments on Libra at an event held by the firm in New York. The reporter in a series of tweets highlighted that Dorsey made it clear Square and Twitter will not engage in Libra’s project adding that creating a digital asset was unnecessary.

Jack also reacted to Zuckerberg’s speech when he appeared before the House. He noted that the Facebook CEO pegged his arguments on the fundamentals of America’s values such as freedom of speech, tech industry role, and censorship in democratic principles. However, Dorsey has a different opinion when it comes to exercising the fundamentals given the nature of Facebook’s global clientele. He added that the Tech companies ought to consider the global implications of a digital asset such as Libra.

In terms of crypto use, Dorsey is among those who have faith in Bitcoin given its reputation and open-end nature that creates a fair ecosystem.

The Twitter CEO further added,

“I think [Bitcoin's] the best bet because it's been the most resilient, it's around for 10 years, it has a great brand, and it's been tested a bunch. […] As I look at all cryptocurrencies that could fill that role of being the native currency for the internet, [Bitcoin is] a pretty high probability.”

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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