Twitter’s Jack Dorsey Back Bitcoin to be Single Global Currency

Tech mogul Jack Dorsey believes that Bitcoin will in a decade become the single global currency of the Internet

Wed, 21/03/2018 - 7:17

Twitter’s Jack Dorsey Back Bitcoin to be Single Global Currency

Cover image via U.Today

Jack Dorsey, who heads up both Twitter and Square, believes that within 10 years Bitcoin will overtake the dollar in terms of importance as it becomes the single global currency of the Internet.

“The world ultimately will have a single currency; the Internet will have a single currency. I personally believe that it will be Bitcoin,” he told The Times. This would happen “probably over 10 years, but it could go faster.”

Dorsey’s own companies have their allegiances split with Twitter set to ban cryptocurrency ads in the next few weeks, reportedly, whole Square is looking to integrate the digital currency payment.

About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.