Posted 3 years ago | by Bethany Armstrong

Jack Dorsey isn't a fan of Libra.

At a Twitter media event, Twitter's CEO, Jack Dorsey was asked if Twitter would ever join the Libra Association. Without hesitation, Dorsey responded, "Hell no!". He expanded his comments by stating that, "It’s not consistent with what I personally believe and what I want our company to stand for.”

Libra is Facebook's cryptocurrency project. Libra has faced heavy scrutiny from U.S. lawmakers and leaders all over the world. Yesterday, Facebook's Mark Zuckerberg testified before Congress on the topic of Libra.

According to the Verge article, Dorsey "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.'

While Dorsey was quick to criticize the Libra project, he did praise other cryptocurrencies. Dorsey indicated he sees cryptocurrency "as part of an emergent international online community." On Twitter, the hashtag #cryptotwitter is regularly trending.

Dorsey told the attendees of the media event that when it comes to the subject of cryptocurrency, “I think the internet is somewhat of an emerging nation-state in almost every way,” he told the crowd. “It almost has a currency now in the form of cryptocurrency and bitcoin.”

 

About Bethany Armstrong

b2c67718c469e0461579dcf973d733f3?s=90&d=blank&r=g When it Comes to Libra, Twitter's Jack Dorsey Says, "NO!"Bethany Armstrong is a blogger from Atlanta, Georgia. She holds a Bachelors Degree in Mass Communication from Toccoa Falls College in Toccoa, Georgia.

Bethany is a mother of three and believes in the importance of reading. She has read over 3,000 books to her children and has worked with many publishing companies to create book reviews.

She is very interested in the community aspect of the cryptocurrency world.

You can follow her on Twitter at @momwildthings or visit her blog, MomOfWildThings.com.