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Wednesday, March 21, 2018

Twitter/Square CEO believes in Bitcoin, and has the power to usher in mass adoption - here's how...

Speaking to The Times in the UK, CEO of Twitter and Square Jack Dorsey said “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey continued “probably over ten years, but it could go faster".

His Bitcoin-believer mindset has shown in his products lately too - with the Square Cash app rollout to buy Bitcoin many people are wondering, what's next?

Square provides point-of-purchase services to literally millions of retail outlets nation-wide.  Given Dorsey's beliefs on Bitcoin, it's not too far fetched to think at one point these merchant services will see the ability to accept Bitcoin in their stores through Square.

That would be a move where overnight, Bitcoin would be an accepted form of payment at millions of stores. I discussed this possibility in depth a couple months ago in a YouTube video (link) after I was lucky enough to be one of the early Square Cash app users with the ability to purchase Bitcoin.

Point is - not only can Jack Dorsey make this happen, it sounds likely he actually will.
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Author: Ross Davis
San Francisco News Desk