Twitter did not launch its own Pound – Breaking News

It has already been several months since Facebook announced the news that rocked the foundation of the crypto world: The future launch of its own virtual currency, the Pound. Since then much water has run, and the reactions in different sectors has been varied. Perhaps the most important is that which has arisen from the government sector, where governments have initiated a campaign to try to regulate and control the crypto market. Thus, the fear of the enormous financial power of the Pound may be put in the hands of Facebook and the group of companies that support the idea, has motivated the government actions of all sorts, who have come to the point of even accelerate the development of virtual currencies national, with the aim of offering the benefits that theoretically would have the Pound, without giving the monopoly over the monetary policy of the country. On the other hand, within the private sector, there have also been various reactions around the virtual currency of Facebook, including attacks against the same by the co-founder of Ethereum, Mihai Alisie, and demonstrations of support from the co-founder of Tether, William Quigley. Within the crypto world, the most important reaction so far has come from Telegram, instant messaging application that already competes in this field with WhatsApp, owned by Facebook, and that seems to be the call to counteract the influence of Libra with your new criptomoneda, the Gram. In this context, anyone would think that other big companies such as Twitter would be considering the idea of launching its own virtual currency in the style of Facebook, and capitalize on the financial benefits and media that this type of action can generate. However, the CEO of Twitter, Jack Dorsey, has already rejected this idea, stating that it will focus on the promotion of Bitcoin in their place, as, “I Think the open standards of Internet best serve each person who controlled or initiated by the companies”. “I think that [Bitcoin] is the best bet because it has been the most resistant, there is from 10 years ago, has a great brand and has been tested extensively. […] While I see all the cryptocurrencies that could fill that role of being the native currency of the Internet, Bitcoin is a pretty good chance.” Added Dorsey referring specifically to Bitcoin. And this is the reason why we chose these statements as our Data of the Day in CriptoTendencia. Because if anything has been consistent Dorsey, is in your thinking, which is an expression of the philosophy behind the technology Blockchain, which, although it necessarily must be integrated into business processes, should not be controlled by private groups in order to be consistent with the thought that the drives. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.

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