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Twitter CEO Puts More Money Towards Crypto With Investment in CoinList Startup

jack dorsey twitter inc TWTR

Jack Dorsey, the CEO of Twitter and an outspoken Bitcoin advocate, has just put money into a cryptocurrency startup.

While this shouldn’t be incredibly surprising considering Dorsey has his own Bitcoin payments app, Square, it’s still worth noting due to the fact that the CEO has no intent on participating in Facebook’s Libra project, which is to be backed by a group of companies under the Libra Association. However, other companies such as eBay and MasterCard have been leaving that as well.

Dorsey’s new investment, however, was in CoinList, a project that’s looking to help startups bring in money via cryptocurrency token sales, reports the Wall Street Journal. Overall, CoinList brought in $10 million in funding.

While Square already represents Dorsey’s push for Bitcoin, as he hopes for his company to bring a new face to the asset and act as a sort of mascot for it, it’s still good to see him continually backing his claim that Bitcoin is “the future of money” with, well, his money.

Since his initial claim, Dorsey tweeted that his company was bringing on more engineers to work on Bitcoin and cryptocurrency and that he would be paying those employees in Bitcoin to do so.

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Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/