[2018-02-02] Twitter CEO: Bitcoin Provides Broader Financial Access For All

[moriskarlov]

Twitter and Square CEO Jack Dorsey announces that he supports Bitcoin. He believes the cryptocurrency is a long-term path towards greater financial access for all.

Big market players are now entering the cryptocurrency arena. As a result, users are looking towards more straightforward access to crypto services through such adoption. However, there are setbacks. Tech giant Microsoft temporarily suspended bitcoin payments and transactions. Microsoft had been the most prominent company to have announced support for the virtual currency’s payment use last year but is now, surprisingly, no longer accepting the flagship cryptocurrency.

DORSEY GOING TO BAT

However, a major player has just thrown his considerable weight behind supporting the daddy of cryptocurrencies. Twitter and Square CEO Jack Dorsey announced his support for the cryptocurrency, stating:

     "Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step."

Dorsey’s announcement towards supporting the virtual currency is the latest in a series of crypto-related actions by some major players. Coinbase hired former Salesforce executive Tina Bhatnagar last week, and Facebook instituted a ban on all ads promoting cryptocurrencies and ICOs on January 30th.

TAKING A DIFFERENT TACK THAN ZUCKERBERG

The approach towards Bitcoin by Jack Dorsey is the exact opposite of Facebook founder Mark Zuckerberg. While Facebook is spurning the crypto world, and everything it has to offer, Dorsey is looking towards the future and seeing the potential of cryptocurrency. The reality is that virtual currencies are a tremendous boon to the unbanked, allowing them access to a financial ecosystem that they can participate in.

Despite such controversies and bans, the buzz of crypto is still growing. The popularity of cryptocurrency in Japan is exploding, and the Japanese government even declared that Bitcoin can be used as a legal means of payment. Also, Tokyo-based SBI Holdings announced the Ripple (XRP) exclusive listing for the launch of their new SBI VC platform. Moreover, other industries, including airlines like Brisbane, chat apps like Line, and KFC Canada, are all jumping on the crypto bandwagon to boost their bottom  line.

http://bitcoinist.com/twitter-ceo-jack-dorsey-support-bitcoin-broaden-financial-access/

[zickle]

While Facebook and Google block all about crypto, Twitter has provided a modern vision and will greatly benefit from this.

[MoonJeina]

Many supporters have come forward in order to back bitcoin in the past .
Mark Zuckerberg also talked about his future big plans related to the cryptocurrency .  I think such comment from the twitter CEO came a bit late keeping in considerations the amount of marketing of the ICOs done via twitter .
It is always good to hear some supports but regardless of the praise  most of the bog names does not clearly specify their own involvement in the crypto currencies that seems like a " no so genuine"  statement for many readers . They do not come up with their own involvements , plans and just talk about how the crypto currencies can be the future and have immense potential . Instead of the " nice talk " some actions and involvements should be stated .                     

[Gotottack]

Twitter and Square CEO Jack Dorsey announces that he supports Bitcoin. He believes the cryptocurrency is a long-term path towards greater financial access for all.

Big market players are now entering the cryptocurrency arena. As a result, users are looking towards more straightforward access to crypto services through such adoption. However, there are setbacks. Tech giant Microsoft temporarily suspended bitcoin payments and transactions. Microsoft had been the most prominent company to have announced support for the virtual currency’s payment use last year but is now, surprisingly, no longer accepting the flagship cryptocurrency.

DORSEY GOING TO BAT

However, a major player has just thrown his considerable weight behind supporting the daddy of cryptocurrencies. Twitter and Square CEO Jack Dorsey announced his support for the cryptocurrency, stating:

     "Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step."

Dorsey’s announcement towards supporting the virtual currency is the latest in a series of crypto-related actions by some major players. Coinbase hired former Salesforce executive Tina Bhatnagar last week, and Facebook instituted a ban on all ads promoting cryptocurrencies and ICOs on January 30th.

TAKING A DIFFERENT TACK THAN ZUCKERBERG

The approach towards Bitcoin by Jack Dorsey is the exact opposite of Facebook founder Mark Zuckerberg. While Facebook is spurning the crypto world, and everything it has to offer, Dorsey is looking towards the future and seeing the potential of cryptocurrency. The reality is that virtual currencies are a tremendous boon to the unbanked, allowing them access to a financial ecosystem that they can participate in.

Despite such controversies and bans, the buzz of crypto is still growing. The popularity of cryptocurrency in Japan is exploding, and the Japanese government even declared that Bitcoin can be used as a legal means of payment. Also, Tokyo-based SBI Holdings announced the Ripple (XRP) exclusive listing for the launch of their new SBI VC platform. Moreover, other industries, including airlines like Brisbane, chat apps like Line, and KFC Canada, are all jumping on the crypto bandwagon to boost their bottom  line.

http://bitcoinist.com/twitter-ceo-jack-dorsey-support-bitcoin-broaden-financial-access/

Sounds fishy. I smell business hence the clear protection of self-interests. They may utter statements that will influence people in a positive or negative light precisely because they are moving their way up. Come on, cannot you see that they are direct competitors of Facebook thus the opposition? In fact, we can never tell if these big bosses from all sorts of companies are just playing us. Nonetheless, I am on Twitter on this because we share the same views when it comes to the futuristic approach of the blockchain technology. Other than that, I am at odds at the intention knowing fully well that their utterances are magnified by medias worldwide.   

[iRakic]

This is no surprise. It is popular nowadays to express your opinion about Bitcoin and be different than others in a certain way. Luckily, one of the big companies has seen the potential and the power of cryptocurrencies. Other will just have to think again 

[richardsNY]

While Facebook and Google block all about crypto, Twitter has provided a modern vision and will greatly benefit from this.

Facebook doesn't block all things crypto related, neither does Google. In case of Facebook, they are just not allowing ads to pop up being crypto related, and at the same time other things fitting in the high risk category according to traditional market standards. Other than that, it's indeed refreshing seeing a high profile person speak about Bitcoin the way people should talk about it. Bitcoin is the key to financial freedom, and at the same time it provides you that what governments and banks don't want to provide you, which is financial access for all people from all layers of the society. I hope that this will get featured by the mainstream media as well, but more likely not.