SimpleFX Blog
    Facebook Twitter Instagram
    Monday, June 27
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»News»Twitter’s CEO: The internet will have a single currency, I personally believe that it will be Bitcoin
    News

    Twitter’s CEO: The internet will have a single currency, I personally believe that it will be Bitcoin

    Natalia AlvarezBy Natalia AlvarezFebruary 4, 2019Updated:February 12, 2019No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Jack Dorsey at Jim Rogan Show, source: YouTube

    A strong bullish prediction came from a top tech influencer. Twitter’s CEO and co-founder James Dorsey believes Bitcoin will work as internet’s “native currency”.

    “I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”

    While Dorsey notices it doesn’t have to be Bitcoin, there are many similarities between the coin and the internet:

    “It [Bitcoin] was something that was born on the internet, was developed on the internet, was tested on the internet, [and] it is of the internet,” Dorsey said.

    Although the Twitter’s CEO is not sure what currency will take over the internet, he believes it will be Bitcoin:

    “The world ultimately will have a single currency, the internet will have a single currency, I personally believe that it will be Bitcoin”, said Dorsey

    Asked about the timeframe he answered “over ten years, but it could go faster.”

    Dorsey is also CEO and co-founder of Square, a financial services company that provides online and mobile payment services. Square develops one of the most popular financial apps Apple Store – Cash App.

    “The reason why we enabled the purchasing of bitcoin in the Cash App is that we wanted to learn about the technology, and put ourselves out there and take some risks,” Dorsey said.

    “Although some analysts claim that the Bitcoin integration of Square Cash has been overplayed by the media, it has played a vital role in attracting new generation and millennial users.”, he added.

    According to Dorsey, the customers and service providers are learning how to use and invest in cryptocurrencies. Since two years ago people did a lot of risky things with Bitcoin, such as maxing credit cards and buying the crypto, Dorsey pointed out that Square blocked this possibility in their app. “You can’t buy Bitcoin on the Cash App with a credit card”, Dorsey said.

    You can watch the part about Bitcoin here:

    According to Twitter’s CEO, banks love blockchain as a distributed ledger, a distributed database where the source of truth can be identified at any point – so that anyone can see how money traveled.

    “I think that is threatening to certain services behind banks and financial institutions. Threatening to some governments as well. I look at it how do we embrace this technology […] what does it enable us to do and where does our value shift. That’s what we should be talking about right now. […]

    You can listen to the entire Joe Rogan Experience #1236 episode here.l

    bitcoin Jack Dorsey Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWaiting for the Trend Reversal Many Turn to Cryptocurrency Staking
    Next Article Crypto Exchanges Facing the Lowest Trading Volume Since 2017
    Natalia Alvarez

    Related Posts

    Elon Buys Twitter, What’s Next?

    April 26, 2022

    Netflix Crashes 27% in Pre-Market as 200k Accounts Dissapear

    April 20, 2022

    Musk Offers $43bn for Twitter

    April 14, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT