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Jack Dorsey: "No to Square Cryptocurrency”

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Founder Jack Dorsey said in an interview he has no interest in producing a cryptocurrency for either Twitter or Square, according to The Sydney Morning Herald. Dorsey instead encouraged the use of Bitcoin, adding he thinks “open Internet standards serve every person better than ones constrained or started by companies.”

“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,” he explained. “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.”

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