Bitcoin 'not functional as currency'
Square and Twitter CEO Jack Dorsey has said that Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency.
Makes Bitcoin more usable and available as a currency
4. In September, the outspoken Bitcoin spokesperson told the Australian Financial Review that he is confident that the No. 1 cryptocurrency will continue to be adopted to a greater extent. However, Dorsey added:
"It's not functional as a currency. The tops and troughs are like an investment advantage and equivalent to gold. What we need to do is make it more usable and available as a currency, but it's not there yet . "
Dorsey, who supports the principles that created Bitcoin and the community that formed it, went on to say that when crypto becomes the value of the Internet, Square would focus more on services that add value rather than those that enable to move money.
Dorsey visited Melbourne for the launch of Square Terminal, an all-in-one credit and debit card machine.
Dorsey loves Bitcoin
As Cointelegraph previously reported, Square first announced in November 201[ads1]7 that it would issue a BTC trading alternative that caused the company to soar by $ 1 billion in five days. In August 2019, Dorsey added:
“We love you, Bitcoin […] we saw 3.5 million customers using prepaid cards in June, usually they used to buy several times a week. Our sellers and Cash App ecosystems have incredible roadmaps ahead to deliver our goal of financial empowerment. "
