Bitcoin "Not functional as a currency"

Jack Dorsey, CEO of Square and Twitter, said Bitcoin (BTC) would continue to be adopted more widely, but it is still too early to consider it as a motto.

Make Bitcoin more usable and accessible as currency

On September 4, the Bitcoin advocate told the Australian Financial Review that he was convinced that Cryptocurrency No. 1 would continue to be adopted more widely. However, Dorsey added:

"This is not functional as a currency.The ups and downs are like an investment asset and are equivalent to gold.What we need to do, it is the make it more usable and accessible as a currency, but it has not happened yet. "

Dorsey, who subscribes to the principles that have created Bitcoin and the community around it, went on to say that once cryptography becomes the currency of the internet, Square would focus more on services that add value instead. only on those who allow to move money. .

Dorsey was in Melbourne for the launch of Square Terminal, an all-in-one credit and debit card machine.

Dorsey loves Bitcoin

As Cointelegraph has already reported, Square announced for the first time in November 2017 that it was going to issue a BTC trading option, which would spur its stock to skyrocket by $ 1 billion. in five days. In August 2019, Dorsey added:

"We love you, Bitcoin […] We saw 3.5 million customers using Cash Card in June, generally using it to buy several times a week. The ecosystems of our cash vendors and applications have incredible roadmaps to achieve our goal of economic empowerment. "