Jack Dorsey, founder of Twitter, said in an interview with the newspaper “Sydney Morning Herald” He is not planning to launch a cryptocurrency, either for Twitter or for his Square payment company.

Instead, he encouraged the use of Bitcoin, adding:

“Open Internet standards serve all people better than those controlled or initiated by corporations.”

He added:

“I think bitcoin is the best bet because it is the most flexible, has been around for 10 years, has a distinct brand, has been tested, and given what the internet is going to be, bitcoin has a very high potential.”

It is expected from Mr. Jack Dorsey to deny the development of a cryptocurrency for several considerations, most notably the regulatory problems Facebook is currently facing before launching the Libra currency, as it faced significant regulatory scrutiny, both internally and externally.

Read:A man steals 182 Bitcoin units ($1.2 million) in retaliation for his ex-partners

The “Libra” currency, despite the alliance of several members around it and one of the largest companies in their field (28 members at the moment), this did not suffice for the project to pass without regulatory scrutiny and a discussion of how to frame and operate it.

The founder of Twitter denied the launch of a cryptocurrency, which may only be for the present and the near future.

As for looking at the long-term level, it may change its view, especially if the regulatory approval of the Facebook currency is approved and we may see Twitter, like other companies, rethinking the launch of its own digital currency.

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