Business

Jack Dorsey wants Bitcoin to help bring about world peace

Twitter Inc. And Square Inc. Jack Dorsey, co-founder and CEO of Jack Dorsey, will speak at the Bitcoin 2021 Conference in Miami, Florida, USA on Friday, June 4, 2021.

Eva Marie Uzcategi | Bloomberg | Getty Images

square CEO Jack Dorsey has high expectations for digital assets and the ambitious currency Bitcoin.

“I hope it creates or helps create world peace,” Dorsey said in a “The BWord” webinar Wednesday.

“We are out of balance with all these monopolies, individuals are powerless, and the amount of cost and distractions that come from today’s monetary system is realistic and distracts us from the bigger problems.” Dorsey added. Tesla CEO Elon Musk and ARK Invest founder, CEO and CIO Cathie Wood were also panel speakers.

“All these distractions we have to deal with on a daily basis move away from the big goals that affect everyone on this planet and become more and more so. You modify that basic level. , Everything else is improved in a dramatic way. I hope it’s long-term, but my hope is definitely peace. “

Dorsey has been a longtime supporter of digital currencies, and in 2018 cryptocurrencies will eventually become the world’s “Single currency.. Last year, Square Buy about $ 50 million with Bitcoin, Equivalent to about 1% of the balance sheet.

Last week, Dorsey announced: Square is creating a new business We focused on “decentralized financial services” using Bitcoin. Decentralized Finance (DeFi) Application aim Reproduce the traditional financial system, Banks, exchanges, etc. In cryptocurrency. Most run on the Ethereum blockchain.

Dorsey Said on twitter At the end of Thursday, the company said, “We are focusing on building an open developer platform with the sole goal of making it easy to create unmanaged, unauthorized and decentralized financial services.” It was.

After last week’s announcement, Wood’s ARK Invest bought another 225,937 shares of Square worth about $ 53.6 million, based on Square’s closing price last Thursday.



Jack Dorsey wants Bitcoin to help bring about world peace

Source link Jack Dorsey wants Bitcoin to help bring about world peace

Back to top button