"Hell, No": Twitter Boss Rejects Facebook Cryptocurrency For Being "the Intention Of a Company"

Twitter CEO Jack Dorsey said Thursday that his company will never support the pound cryptocurrency, announced by Facebook in June.

"Hell no," he said during a press conference in New York, in response to the question of whether Twitter could be associated with the Libra Foundation, a nonprofit organization behind that digital currency, picks up The Verge.

"It is not an open Internet standard, born on the Internet. It originated in the intention of a company, and is not consistent with what I personally believe and with what I want our company to defend," he explained, and instead proposed using currencies more decentralized digital.

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"I think the Internet is something like an emerging nation-state, in almost every way. It almost has a currency now in the form of cryptocurrency and bitcoin," Dorsey said.

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