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Twitter Will Never Join Facebook’s Libra, Says CEO Jack Dorsey

Despite some top-notch firms pulling out, Facebook and 20 partner organisations have formally launched the digital currency Libra project

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Business, Twitter, Invest, Investment, Start-up, Kochi
A man reads tweets on his phone in front of a displayed Twitter logo. VOA

Microblogging site Twitter will never join Libra, CEO Jack Dorsey said at a company media event in New York City.

Dorsey replied with a conclusive “Hell no” to the question of its potential membership of the Fcebook-led crypto payments scheme, The Verge reported on Thursday.

He explained that Libra is not based on an open standard, born on the Internet.

“It’s not an internet open standard that was born on the Internet. It was born out of a company’s intention, and it’s not consistent with what I personally believe and what I want our company to stand for,” said Dorsey.

Twitter CEO Jack Dorsey.
Twitter CEO Jack Dorsey.

Recently, a battery of US lawmakers bluntly told Facebook CEO Mark Zuckerberg in a hearing to address his existing failures first before launching the digital currency Libra.

In a six-hour grilling at a House Financial Services Committee hearing on Wednesday, both Democrat and Republican lawmakers expressed dissatisfaction with Facebook’s cryptocurrency plans.

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The hearing was focused on Libra, a cryptocurrency Facebook plans to launch in the first half of next year.

Despite some top-notch firms pulling out, Facebook and 20 partner organisations have formally launched the digital currency Libra project. (IANS)

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Twitter Launches Privacy Centre to Spread Info About its Privacy

Twitter launches Privacy Centre to host data protection information

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Twitter
Twitter has launched a Privacy Centre which will serve as a central place to spread information about its data protection related initiatives. Pixabay

Twitter has launched a Privacy Centre which will serve as a central place to disseminate information about its privacy and data protection related initiatives, announcements, new privacy products and communication about security incidents.

“We believe companies should be accountable to the people that trust them with their personal information, and responsible not only to protect that information but to explain how they do it,” Data Protection Officer Damien Kieran and Kayvon Beykpour, Product Lead at Twitter wrote in a blog post on Monday.

Twitter privacy
Twitter Privacy Center will provide more clarity around what twitter is doing to protect the information people share online. Pixabay

“That’s why we’re launching the Twitter Privacy Center to provide more clarity around what we’re doing to protect the information people share with us,” they wrote.

Twitter said it is continuing to invest in its “Data Management Organisation” so that it can always account for the data it has, how it is used, and when it is shared.

Also Read- Amazon Brings Quantum Computing to AWS Cloud: Report

“To make sure everyone at Twitter is accountable, privacy and data protection is the heart of our 2020 company-wide priority to build products that earn the trust of people who use them,” Kieran and Beykpour wrote.

“Privacy by design is a priority with every product we build,” they added. (IANS)