Jack Dorsey Predicts Bitcoin to be the World’s Future Single Currency

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Mark Mason

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Jack Dorsey Predicts Bitcoin to be the World’s Future Single Currency



The CEO of Square and Twitter, said on Wednesday that “the world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin”.

Dorsey went on to elaborate that he thinks it would happen “probably over ten years, but it could go faster.” However, Dorsey also admitted that Bitcoin “does not have the capabilities right now to become an effective currency” because “it’s slow and it’s costly”. Drosey’s Square app, to much fanfare late last year, started to allow people to buy and sell Bitcoin via the app in many states. Dorsey explained how “there are newer technologies that build off of blockchain and make it more approachable” and said that as more people use Bitcoin, the problems start to go away.

Read more: https://www.dashforcenews.com/jack-dorsey-predicts-bitcoin-to-be-the-worlds-future-single-currency/
 
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