The head of Twitter and Square, Jack Dorsey, confirmed that there were no plans for a private cryptomunt. ”Twitcoin ” or something along those lines, isn’t in the pipeline. Dorsey wants to concentrate on promoting the use of bitcoin (BTC).
Across The street from The Sydney Morning Herald, says Dorsey about his preference for bitcoin: ”Open web standards, will serve everyone better than the standards, controls, or be started by the private sector.”
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No one understands the global economy
Dorsey was in Melbourne for the launch of the Square to the Terminal. This is a new hardware in order to have an alternative point-of-sale, on offer, compared to the current range of products, from bank to bank.
The Twitter ceo is the perfect choice for a fun-quoteje when it comes to banking and the global economy.
”The control, authority and the use of banks in a wereldwijf problem. However, I do think that it is here, in Australia, is a problem. We are always on the road to a crisis, or coming out of one of them. Anyone here have an opinion about this, taking to himself, in the wings, nobody on this planet is to understand the global economy.”
Jack Dorsey
Part of the reason that seem to be Dorsey and his companies to focus on the pre-existing standards.
Bitcoin
The CashApp of the Square, generated $125 million in revenue in the second quarter of this year, purely for the sale of bitcoin. Which is a whole lot of other techgiganten and tycoons each trying to trump it with their own currency, it is, therefore, something else is going on.
Dorsey put more on a single bitcoin. It is obvious from his words as well as deeds, and that he did not see it sitting there. The sales of the CashApp to see that it is enough to make money without your own currency.
”I do think bitcoin is the best bet, it is. One of the most resilient proved to be, it has been around for 10 years, it is a good brand, and it is a lot of testing. If I have to go to all of the cryptomunten to see it and think of it as a reserve currency for the internet, I don’t think that bitcoin is a big opportunity.”
Jack Dorsey
Construction of the BTC
In the Square is Dorsey, a separate division was established in order to meet the protocol of the bitcoin is to be built. There are two staff members: Steve Lee (d.a ex-Googler), and bitcoinontwikkelaar and Matt Corallo. The team from Square, the Computer has only one job: to contribute to the bitcoin ecosystem.
Source: Cointelegraph
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