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Twitter CEO Pushes Aside Facebook’s Libra And Invests In CoinList

Twitter CEO Pushes Aside Facebook’s Libra And Invests In CoinList

Jack CoinList-techcryption

A few days back during a New York City-based Twitter event, Jack Dorsey, CEO of Square and Twitter’s reply of ‘Hell no’ to a question on the possibilities of his organization to get involved in Facebook’s Libra has taken the internet by storm.

In less than a week since that incident, Dorsey is investing in CoinList, a platform where companies that deal with digital assets can run and manage their token sales. The $10 million pool collected from Dorsey and other investors will be used to implement the CoinList Trade, a new exchange platform, and a cryptocurrency wallet, as reported by WSJ.

“Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step”, said Dorsey referring to his first investment in the platform.

“Square has taken a lot from the open-source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet” Dorsey tweeted.

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It is notable that Dorsey personally has pledged long-term commitment to Bitcoin, in particular, supporting the phenomenon via both his firms, Twitter and Square.

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