Jack Dorsey, the CEO of Twitter, predicts the future of Bitcoin as the Internet’s native currency
Yet again, cryptocurrency makes a news. Jack Dorsey, the CEO of a reigning social media platform, Twitter and payment platform, Square brings Bitcoin under limelight. He ignited the Consensus 2018 event on 16th May,2018, by anticipating the potential of Bitcoin as the web’s own currency.
The deliberation at the event on Bitcoin technology was held between the Twitter CEO and Elizabeth Stark, belonging to CoinDesk. In the discourse with Elizabeth, he has given an explicit opinion about the role of cryptocurrency in the company’s future ventures.
According to sources, on the Wednesday discussion, when asked about a digital token to take over the payment facilitation in web, he stated, “I hope it will be bitcoin. I’m a huge fan.” His inclination towards Bitcoin was also expressed when he said, “I’m just approaching with the principle that the Internet deserves a native currency. It will have a native currency. I don’t know if it will be bitcoin,”
He is affirmative about the power of Bitcoin to become gradually popular among all web users. Dorsey has always been enthusiastic and an ardent support of cryptocurrencies, in general and Bitcoins, in particular.
From the time, concept of digital currencies in the web emerged, Dorsey has developed an interest. Many a times, in the past, he has shown his favourable stand towards bitcoins and blockchain technology. According to the Twitter CEO, digital currencies to facilitate payment facilitation in the internet is, indeed, an innovation in technology.
In continuation with this favourable notion on bitcoins, Dorsey leaves no scope to regard it as the native currency of the internet. Regarding the differences of approach towards the acceptance of bitcoin, he states, “We’ve led with that mindset. But there’s still a lot of skepticism and a lot of debate and a lot of fights. But that’s where the magic happens, where creativity happens.
The characteristic of Bitcoin to provide transparent and open accessibility has a significant role in the payment platform of Square. He remarked, “Any payment that comes across our table, the seller should be able to accept.” While dealing with bitcoins as a prominent mode of payment in the web, he expressed, “”It felt amazing. It felt electric. And it felt like something we needed to explore a lot more.”
Dorsey assures that he and his company, Square would not keep any stone unturned to make bitcoins as the first choice of the web users. In this event, he went on to say,“We cannot risk hurting what made this possible to begin with … We can’t do any of this without the technology being strong and available for everyone.” He ensures that the open system of the network would be kept in mind before thrusting Bitcoins for mass adoption.
(Image source: Google)
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