The CEO and founder of Twitter and Square, Jack Dorsey was a guest at Joe Rogan’s podcast which is one of the most popular podcasts in the world with more than 4 million followers on YouTube, where they discussed Bitcoin. Let’s find out more in the latest bitcoin news below in the text.
Both Joe Rogan and Dorsey discussed blockchain technology and bitcoin after Joe asked Jack about what the general purpose of the Square Cash App is which by the way has more than 34 million downloads and it is one of the most popular finance apps right below PayPal.
Dorsey believes that soon there will be a native currency for the internet and that will likely be bitcoin given its history and resilience:
“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be Bitcoin given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”
He also continued to explain how Square is one of the applications that actually educates people about bitcoin but it also enforced constraints for the users from using day trade or credit cards on the platform in order to better understand the technology.
According to Dorsey, Bitcoin is a fundamentally disruptive tool for banks and even said:
“They all love Blockchain because of the efficiencies it can create for their business and potentially new business lines”
Dorsey says that people should ask the right questions of how this technology changes the values and where it will go from here in order to examine new technologies because if they don’t, emerging technologies will become irrelevant.
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