Jack Dorsey spoke at the Microstrategy conference about bitcoin adoption live for the first time since stepping down as CEO of Twitter to run payments company Block.
Speaking with Michael Saylor at MicroStrategy’s “Bitcoin for Corporations” conference on February 1, 2022, Jack Dorsey said in his speech:
Thanks to Bitcoin, we are very close to the local currency for the internet, the world needs a universal currency.
said.
Stating that the fees paid by companies in traditional finance are often hidden, Dorsey said that thanks to bitcoin, the transfers are transparent.
Dorsey, who made a statement on the comments that the development of bitcoin, which was spoken in the media, is slower than other popular cryptocurrencies such as ethereum:
Things that are slow tend to be more predictable and safe.
said.
Also, regarding companies that buy bitcoin or accept bitcoin payments in their businesses, Dorsey said that he thinks every company will contribute to the development of bitcoin, even if they don’t use bitcoin.
Meta’s stablecoin project Diem was a waste of time
Dorsey also spoke at the conference about Meta’s stablecoin project, Diem. Saying that the company started Diem for probably logical reasons, Dorsey said, “They should have worked on an open-ended protocol like Bitcoin instead of trying to create their own currency, so they wasted their time.”
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