The internet is heading towards a single native currency and it could well be Bitcoin, according to Twitter and Square boss Jack Dorsey.
Speaking on stand-up comedian and MMA colour commentator Joe Rogan’s podcast, he said:“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.”
Dorsey also spoke about integrating the cryptocurrency into Square’s Cash app. “The reason we enabled the purchasing of Bitcoin within the app is we wanted to learn about the technology and we wanted to put ourselves out there and take some risks,” he commented.
“We’re the first publicly traded company to actually offer it as a service. We’re the first publicly traded company to talk to the SEC about Bitcoin and what that means, and it made us uncomfortable. We had to really understand what was going on. And that was critical and important.”
Somewhat unsurprisingly, Dorsey’s comments went down well with the crypto community, with the likes of Changpeng “CZ” Zhao of Binance making positive noises on Twitter.
https://twitter.com/cz_binance/status/1091688945643995136
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.