Tech mogul Jack Dorsey doubles down on bitcoin, says BTC a global standard for money transfer: report
Former Twitter CEO Jack Dorsey has stood by his belief in the leading crypto-asset, Bitcoin (BTC), saying it will eventually become the global standard for money transfer and the internet’s native currency.
According to a new report from CNBC, the CEO of payments platform Block is outlining how the company’s future will reflect his confidence in the leading digital asset by market cap.
The former Twitter exec says Block will no longer be known just as a payments platform, with plans to integrate Bitcoin more in the future.
Describing the top crypto asset by market cap as the “open standard for global money transfer,” Dorsey said it would allow Block’s operations to move much faster, according to CNBC.
“[Bitcoin’s] Development may feel slow compared to other candidates, but that’s a result of the thought required to preserve the attributes needed to store and transfer money.
[The] The internet needs its own currency, and when you look at the entire ecosystem of technologies to fill that role, it’s clear that Bitcoin is the only candidate right now.”
Block has expanded its bitcoin-related offerings by partnering with Cash App to offer BTC trading and launching an open-source development platform called TBD for crypto engineers.
The company also released details for a new Bitcoin hardware wallet earlier this year.
Bitcoin is changing hands at $29,126 as of this writing, up 8.3% from its seven-day low of $26,910.
Check the price action
Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
 
Check the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.