CEO of Twitter Jack Dorsey said Twitter has no intentions of launching its own crypto project. Instead, he said he plans to continue his support for traditional cryptocurrencies, particularly Bitcoin.
Square’s Cash App has enabled Bitcoin deposits for its users. The app previously offered purchasing, selling and transacting Bitcoin to other addresses. However, judging by user reviews, not all Cash App users have this feature.
Twitter has serious intentions to find a blockchain-based solution that would stop online scams and fake news on their platform,
Financial services provider Square has got the NYSDFS 7th-ever BitLicense allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app.
Brad Garlinghouse, CEO of Ripple, that Bitcoin will not be a global currency and expects major banks to use XRP as a liquidity tool.
Recently Twitter and Square Jack Dorsey said that bitcoin would one day become the single global currency. At Money20/20 conference taking place in Amsterdam, Apple co-founder Steve Wozniak supported this opinion.
Dorsey says that he looks at the future where Bitcoin (or other digital currency) could be used by merchants for daily transactions.
Dorsey remains positive on Bitcoin’s future growth and said that the current development of the Bitcoin’s Lightning Network will solve the scalability issues giving the crypto a big boost.