Tech

Twitter will not join Facebook’s cryptocurrency Libra: Jack Dorsey

Twitter will never join Libra, CEO Jack Dorsey said at a company media event in New York City.

Dorsey replied with a conclusive “Hell no” to the question of its potential membership of the Facebook-led crypto payments scheme, The Verge reported on Thursday.

He explained that Libra is not based on an open standard, born on the Internet.

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

Recently, a battery of US lawmakers bluntly told Facebook CEO Mark Zuckerberg in a hearing to address his existing failures first before launching the digital currency Libra. In a six-hour grilling at a House Financial Services Committee hearing on Wednesday, both Democrat and Republican lawmakers expressed dissatisfaction with Facebook’s cryptocurrency plans.

The hearing was focused on Libra, a cryptocurrency Facebook plans to launch in the first half of next year. Despite some top-notch firms pulling out, Facebook and 20 partner organisations have formally launched the digital currency Libra project.

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us