Twitter CEO: Bitcoin will become the world currency

Copyright Rex Shutterstock 2016;36199150;3840;5760;1460704535;Fri, 15 Apr 2016 07:15:35 GMT;0

Twitter and Square CEO Jack Dorsey said in an interview with The Times that the world will probably only have one big currency in the future and he believes that this will be Bitcoin.

Jack Dorsey is currently not only CEO of Twitter, but also CEO of Payment App Square. In an interview with the British newspaper “The Times” he has now said that he believes that Bitcoin may someday be the world currency. But this will probably take another 10 years.

Although he also commented that the Bitcoin transactions are currently still very slow (10 minutes) and expensive. However, he is confident that these issues will be resolved as more people use Bitcoin.

It should not be forgotten in these statements that Jack Dorsey has his own interest in making Bitcoin successful. Not only does his Square App offer the purchase of Bitcoin, he also participates in Lightning Labs. The company is a major driver of Bitcoin’s Lightning Network development, which aims to solve Bitcoin’s scaling problems. A few days ago Lightning Labs has the latest version of their software presented , this makes it possible now to perform Lightning transactions in the Bitcoin main network.

A total of 2.5 million US dollars has Lightning Labs collected in a seed round, in which Jack Dorsey was involved.