Jack Dorsey who is CEO for both Twitter and Square has some interesting views about blockchain technology and cryptocurrencies. He was speaking at an event which took place in London two weeks ago where he shared his thoughts about the technology.
Prior to this event, he had spoken to The Times where he was of the view that Bitcoin will be the world’s single currency in 10 years. In the interview, he said “the internet will have a single currency. I personally believe that it will be bitcoin… probably over ten years, but it could go faster.”
The Twitter CEO has been known to be a Bitcoin fan as such it isn’t much of a surprise to hear him espouse such views. Jack Dorsey’s Square, a Fintech company recently added the buy and sell Bitcoin options to its functionalities. The square platform has gone further to release an illustrated children’s story which props up the many benefits to be derived from the usage of digital currencies.
Increasingly service providers and new tech companies are finding ways to incorporate cryptocurrencies into their payment systems and chief of these is Bitcoin. It is therefore only a matter of time before we are able to tell whether or not if Jack Dorsey’s prediction about Bitcoin will become manifest.