The Future of Bitcoin, Cryptocurrency & Square: Jack Dorsey Interview
In recent interviews, Jack Dorsey, CEO of Twitter and Square, and Steve Wozniak, one of the founders of Apple, talked about their positive attitude towards Bitcoin and predicted its future success..
At the Consensus conference, Jack Dorsey talked about how cryptocurrency will evolve from an unstable asset to an international legal tender over the next decade. In his opinion, fiat creates restrictions for business development, since when entering any foreign exchange market, it is necessary to find a partner bank and please the regulators of each country. Virtual currency is free from these shortcomings and allows you to freely conduct business on the Internet around the world..
Recall that Square offered users to work with cryptocurrency in January 2018, for the first quarter the turnover was $ 34.1 million, but the company received only $ 200,000 in profit. Although not a high ROI, the mobile app is performing better than its main competitor VenMo (created by PayPal), thanks to bitcoin..
In Vienna, Steve Wozniak spoke favorably about blockchain at the WeAreDevelopers international congress, stating that technology will lead to a revolution in the field of information technology. He was convinced of this by useful applications applied in various fields. He went on to say that Bitcoin’s potential will not be fully realized until 10 years from now, and quoted Jack Dorsey as saying about the future prospects of the digital currency..
He believes that the main asset of bitcoin is the deflationary nature and limited emission. However, despite the praise, Steve Wozniak said that he sold all of his coins, except one, because he did not want to be an investor and constantly monitor the course of exchange..
Recall that ex-Trump adviser predicts global cryptocurrency.
text: Ivan Malichenko, photo: Getty images