The co-founder and CEO of Twitter and payment platform Square, Jack Dorsey, said it has no plans to create a criptomoneda for any of the two companies, and said he prefers to use “open standards and existing” as bitcoin.Dorsey gave these statements this 5 of September to be interviewed by the local media The Sydney Morning Herald, The Australian Financial Review and The Age. The interviews were conducted in the framework of a visit which the executive makes to that country, in order to promote the new devices, your company’s digital payment Square.In that sense, by denying the possibility of the creation of a token native for Twitter or Square, he did see that his plans are going in a different direction than Facebook, which is moving forward with the project of the criptomoneda Pound. “I think that the open standards of the Internet, they help each person better than the controlled or initiated by the companies,” he said.In consequence, the plans of the entrepreneur with the cryptocurrencies seem to be directed mainly to the development of other types of services and products. Think, therefore, that the criptoactivos will serve best for your company to work on the Internet.
Long-term, the cryptocurrencies will help us to be more and more like an Internet company where we can launch a product and everyone can use it, instead of having to go from one market to another, from one bank to another, and from regulatory agency to another.Jack Dorsey
Enthusiast of Bitcoin
In their statements, Dorsey praised the properties of bitcoin. “I believe that bitcoin is the best bet because it has been the most resistant, has been around for 10 years, has a great brand and has been tested a lot,” he said, adding that the first criptomoneda of the market has all the characteristics necessary “to fulfill the role of being the native currency of the Internet”.With these ideas, reiterated an approach that already took place in may of 2018, when it is presented as an invited speaker in the conference Consensus. On that occasion he expressed his hope that bitcoin will achieve is to capitalize on the market cyber and entronizarse as currency among the users of the web. “The Internet deserves a native currency. You will have a native currency. I don’t know if it will be bitcoin or not. I hope it will be,” he said at the time.However, the CEO of Twitter left to see certain fears in a recent interview, pointing out that it is not yet convinced that bitcoin has reached its maximum potential. He noted as well that the criptomoneda still can not be regarded as a currency of mass, because it is not as accessible and usable as it should be.Dorsey has been identified as a proclaimed enthusiast of bitcoin. Even, through the payments platform Square is offers the sale of BTC with the use of the app Cash App, a service that expanded to the 50 states of USA in August of 2018. In the second quarter of this year, the platform earned the order of USD 125 billion by the trade of bitcoin. Recently, the company hired to Matt Corallo, a contributor to Bitcoin Core and co-founder of Blockstream, to work on open source projects of Bitcoin.