Dorsey Still Betting on Bitcoin; No Plans for Twitter Coin

 

 

 

 

 

Twitter founder and longtime Bitcoin backer Jack Dorsey recently confirmed that he is still a Bitcoin believer, while noting that his company has no plans to create its own cryptocurrency. That’s according to comments he made to the Sydney Morning Herald during a recent Square promotion trip to Australia.

Dorsey reportedly believes that the world’s most well-known digital currency remains the “best bet” in the race to establish a native currency for the internet. He claimed that he had given no thought to creating a Twitter or Square cryptocurrency, since he believes that “open internet standards serve every person better than ones controlled or started by companies.”

Dorsey has previously expressed his support for Bitcoin, and clearly hasn’t changed his view:

"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."

According to the Herald, Square’s CashApp earned $125 million in revenue from customers’ Bitcoin trading in the second quarter of 2019.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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