Jack Dorsey assures that bitcoin will replace the dollar | Digital Trends Spanish

Jack Dorsey, former CEO of Twitter, assured during an informal chat on social networks that bitcoin will replace the dollar.

Dorsey endorsed the cryptocurrency in an express question from American rapper Cardi B, who questioned on Twitter whether cryptocurrencies have the potential to replace the dollar. “Bitcoin will do it,” said the former Twitter CEO.

Yes, Bitcoin will

— jack⚡️ (@jack) December 21, 2021

Dorsey is one of the main promoters of cryptocurrencies and a particular bitcoin enthusiast. On the cryptocurrency he has argued that it has the potential to end the world’s problems and “unify” it.

However, far from the social media hype about bitcoin, Elon Musk is also known for, Dorsey focuses its efforts on Block, a new conglomerate of companies that includes Square, a company of which Dorsey remains its CEO.

Square is dedicated to processing payments, much like Mastercard and Visa; in 2020 it processed about $ 112 billion dollars. Dorsey is obsessed with the use of blockchain technology, the one behind bitcoin, and believes it could make a difference at Square as a payment platform.

Last December, just days after resign as CEO of TwitterDorsey announced that Square has changed its name to Block, a corporate move in the style of the transition from Google to Alphabet or from Facebook to Meta, as Block will be a conglomerate of companies.

Among the companies that are part of Block are, in addition to Square, the high definition music platform Tidal and TBD54566975, a website for developers based on cryptography.

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Jack Dorsey assures that bitcoin will replace the dollar | Digital Trends Spanish