Jack Dorsey reiterates his support for Bitcoin emerging as Internet’s native currency

2019-6-15 20:30

Jack Dorsey, Co-founder of Twitter and CEO of Square Inc., is known for his contribution to the crypto-ecosystem, something he labelled as “giving back” to the Bitcoin ecosystem. He popularized the use of cryptos like Bitcoin after Square Inc’s Cash App launched its support for Bitcoin trading in January 2018.

In an interview with Quartz, Jack Dorsey spoke about his views on the future of finance, Bitcoin and the role it may play in the future.

Dorsey said that he considers blockchain and cryptocurrency to be a secondary trend to financial systems. Taking the analogy of a country and its native currency, if the Internet was to be considered as a nation-state then, cryptocurrency is its global currency. He added,

“Having a global currency that is native to the internet will allow companies like ours to move much faster and reach a lot more people.”

Dorsey also gave his views on bringing people together online in a way that everyone has access to the same currency. Such a currency can be readily converted to fiat currency when required, in a way that it affects our thinking about the global market.

When asked about his views on Facebook’s GlobalCoin and its prospect as a global internet currency, Dorsey replied,

“All of them have been rumors, so I don’t know what they’re building and I don’t know the details. I’d have to see that to have an informed decision. But I would go back to, we need a currency for the internet. And the internet being an entity that isn’t controlled by any company or any one government, that is for the world and for the people of the world.”

He added,

“I would hope that all private companies can see the value of having a stateless currency that all people can access, and is not bounded or constrained by any one corporate entity.”

Towards the end of the interview, when questioned about his views on Bitcoin emerging as Internet’s currency, Dorsey responded that Bitcoin stands as the strongest contender for becoming Internet’s currency. Dorsey cited the ‘purity’ of its creation and its focus on ‘public good’ as the reasons to back ‘powerful’ Bitcoin.

The post Jack Dorsey reiterates his support for Bitcoin emerging as Internet’s native currency appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 68719.82 (-0.10%)
Îáúåì 24H $41.896b
Èçìåíåèÿ 24h: -0.05 %, 7d: -3.46 %
Cåãîäíÿ L: $66916.68 - H: $68910.37
Êàïèòàëèçàöèÿ $1359.14b Rank 1
Öåíà â ÷àñ íîâîñòè $ 8675.32 (692.13%)

bitcoin dorsey jack support square inc native

bitcoin dorsey → Ðåçóëüòàòîâ: 126


New Era For Bitcoin Mining: Jack Dorsey Leads Decentralization Initiative

Mummolin, Inc. has successfully raised $6.2 million in seed funding to kickstart OCEAN, a project aimed at decentralizing Bitcoin mining on a global scale. The funding round, headlined by Block CEO Jack Dorsey, also drew support from notable entities such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund. New Push […]

2023-11-30 20:00


Ôîòî:

Twitter CEO Jack Dorsey Believes Banks Are Useless, But Is Crypto Really Ready For A Takeover?

Twitter’s head Jack Dorsey is not one to shy away from preaching the gospel of Bitcoin. Ever since getting into crypto and announcing himself as a Bitcoin maximalist, Dorsey has been “high on Bitcoin,” and very recently some of his comments from the Bitcoin conference in Miami, on the irrelevance of banks, courtesy of the […]

2021-7-13 00:00


Ôîòî:

Jack Dorsey’s Square Buys Into Tidal: Is Bitcoin Coming To The Streaming Service?

It is no secret that Twitter and Square CEO Jack Dorsey is a big supporter of Bitcoin and the blockchain industry. He has participated in the Lightning challenge, has publicly endorsed crypto, and CashApp has been allowing Bitcoin transactions long before many companies like PayPal and Mastercard hopped on board. In the latest move that […]

2021-3-7 21:44


Watch: Twitter CEO Jack Dorsey Pumps Bitcoin on Joe Rogan’s Podcast

Joe Rogan may have landed his biggest guest yet on his popular podcast, the Joe Rogan Experience: Jack Dorsey, the founder and CEO of Twitter and Square and an avowed Bitcoin bull. Joe Rogan Experience #1236 – Jack Dorsey In a wide-ranging two hour interview published Saturday, Jack addressed a number of topics, including questions about Twitter censorship, doxxing, “SmirkGate,” Donald Trump, Alex Jones, the nature of tech giants, the future of the Internet, and Bitcoin.

2019-2-3 21:11


Jack Dorsey’s Square Surpasses Twitter with $30 Billion Market Value as Bitcoin Business Begins to Boom

Jack Dorsey is known for a lot of things in his career with technology and finance, but the two companies he owns that seem to have performed exceedingly well have been Square and Twitter. Square is a financial services provider that helps users make mobile payments through an app, while Twitter is a wildly popular […]

2018-11-7 01:33


Jack Dorsey’s Payments Startup Square Open-Sources Bitcoin Cold Storage Solution

San Francisco-based mobile payments firm Square announced it is open-sourcing its Bitcoin cold storage solution, which is now available on Github. Mobile Payments Startup Square Open-Sources Hardware Security Modules (HSMs) and Wallet Auditing Tool The company founded by Jack Dorsey, who is also CEO of Twitter, has built out its cryptocurrency infrastructure when it started.

2018-10-23 23:00