• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Bitcoin Jack Dorsey

Jack Dorsey Wants to Help Get Bitcoin Adopted as a Global Means of Payment

newsbtc by newsbtc
5 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement
Advertisement

The CEO of payments company Square has said that he wants his firm to help Bitcoin become a global payment choice.

Dorsey: ‘We Could be in Every App Store Instead of Five’

Jack Dorsey, the founder and CEO of Square and the co-founder and CEO of social media platform Twitter, was speaking at the Consensus conference today in New York.

“The internet is going to have a native currency so let’s not wait for it to happen, let’s help it happen. I don’t know if it will be bitcoin but I hope it will be.”

Dorsey is of the opinion that the use of the number one digital currency or another altcoin as a global payment would lower the barrier for the payment company to enter new markets, reports CNBC. He added:

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

“If we were able to use it a currency today, we could release our apps in every app store around the world instead of the five we’re in.”

He stated that as the company deals with fiat currency it had to approach the market differently, find a unique banking partner, and work with different regulators.

This isn’t the first time that Dorsey has been bullish on the future of Bitcoin. In March, it was reported that the Square CEO said that he believed the digital currency would become the globally accepted ‘single currency‘ of the Internet within the next 10 years.

In November, Square began the introduction of Bitcoin buying and selling options on Square Cash, the mobile payment app developed by Square, for a small section of their users. Since then the payment company has rolled out additional features for its users, which now sees them able to buy, sell, and transfer Bitcoin with the app. Dorsey has also committed personal funds to Lightning Labs as the team continues its work on the Bitcoin scaling proposal known as the Lightning Network.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Earlier today it was reported that Square Cash is growing at a faster rate compared to PayPal’s Venmo, according to Nomura Instinet. Analyst Dan Dolev said that with the roughly 28 million downloads, the number of Square Cash downloads was just one million fewer than Venmo’s levels.

In a note to clients, Dolev stated that:

“Historically, Venmo saw more downloads versus Square, but the gap appears to have peaked in July 2017.”

In the first quarter of 2018, Square reportedly sold $34.1 million in Bitcoin; however, it spent $33.9 million purchasing the cryptocurrency, meaning it’s adjusted revenue amounted to $200,000.

Featured image from Shutterstock.
Tags: bitcoinJack DorseysquareSquare Cashtwitter
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Bitcoin (BTC) To Tap Into $30,000 Region Before A Slow Down, Here’s Why

1 day ago
US To Sell 41,500 Bitcoin (BTC) In Four Batches, Crash Inevitable?

US To Sell 41,500 Bitcoin (BTC) In Four Batches, Crash Inevitable?

1 day ago
Bitcoin

Bitcoin Bear Market Over? This Historic On-Chain Signal Suggests So

1 day ago
Bitcoin

Bitcoin Investors Remain Greedy Despite Low Momentum, Why?

1 day ago
Bitcoin

Bitcoin Investors On Edge As Whales Take Profits, Ending Price Rally

1 day ago
Bitcoin and Ethereum Correlation

Bitcoin And Ethereum Correlation At A Staggering 97%, BTC Rally Incoming?

2 days ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • Ripple XRP Price Prediction 2023 – 2025 plus 5 Tokens...

    4 hours ago
  • Ethereum Price Prediction 2023 – Why This New Meme...

    8 hours ago
  • Discover Big Eyes Coin And Optimism As They Continue To...

    10 hours ago
  • Ethereum’s Shanghai Upgrade Goes Live April 12...

    10 hours ago
  • Metacade’s Presale Raises an Astounding $15.4m...

    12 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.