The Twitter CEO Jack Dorsey who is also the founder of Square is in the Libra latest news today for stating that Twitter will never join Facebook’s Libra project. On October 24, a Twitter thread by Hollywood Reporter editor Alex Weprin who was covering an event at the New York office of Twitter showed that the company will stay a million miles away from Facebook and its plans to launch the Libra stablecoin in 2020.
The Twitter CEO Jack Dorsey also gave a straightforward answer to the question if Twitter would consider joining the Facebook Libra project. The response made by Dorsey was short but confident, in which he said “Hell no” to Twitter joining Libra. He also added:
“Nothing within Libra had to be a cryptocurrency to do what they wanted to do.”
The CEO Jack Dorsey reacted to the Facebook CEO Mark Zuckerberg and his speech at Georgetown University. He noted that a lot of the comments by Zuckerberg seemed to be based in American tradition. Zuckerberg’s speech was focused on the subject of freedom of speech, censorship and the role that technology platforms should play in democracy.
The speech also criticized China and its approach to tech development. The CEO Jack Dorsey said ”I fear that if we base too much in this one concept, we take away the ability to experiment and expand,” and further explained:
“We are not just serving an American audience, we are serving a global audience […] The internet is somewhat of an emerging nation-state.”
Dorsey also pointed out that he would not follow the example of Facebook’s Libra coin and would release a Twitter-based cryptocurrency that is dedicated to Twitter only. He said that he prefers the use of existing open standards like Bitcoin (BTC) and noted:
“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.”
The price of Bitcoin today is $7,510 in a slight increase on the market. However, the bears are still in control, the Bitcoin news show.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.