May 18, 2018 by Andrei Calina

Twitter and Sqare CEO is known for being a big supporter of cryptocurrency, so the statement he made this Wednesday, at the Consensus blockchain conference in New York doesn’t come as a surprise at all.

One coin to rule them all?

According to Fortune, Mr. Dorsey believes that the “Internet is going to have a native currency.” Unfortunately, he wasn’t able to say for sure that that currency could be, but he did admit to attendees that he hopes to see Bitcoin reaching this point.

Currently, there’s no such thing as a “native currency” of the Internet, as people from all over the world can use a wide variety of methods of payment, from traditional currencies to digital ones. However, Twitter’s CEO strogly believes that, one day, the Internet will move to a standard currency.

“Let’s not wait for it to happen, let’s help it happen,” Dorsey said.

The unique’s internet currency, a difficult mission

Even though this sounds like a good idea for many people, reaching the point in which a unique currency is used for online payments is far from being easy.

Right now, Bitcoin is the most well known of cryptocurrencies, but let’s not forget that there are a lot of them which are backed by Internet communities. Also, some of the most important companies on the market, like Apple or Google, also have something to say about this scenario.

Jack Dorsay is currently doing a lot in this direction. Besides leading Twitter, he is also in charge of Square, the digital payment company which now allows Bitcoin transactions, not to mention that it actively buys and sells the digital currency.

For the moment, there’s no sign of Square stopping this. Even more, we’re looking forward to that moment when more currencies like this will be traded on its platform. As for the CEO’s dream of using a unique coins, we still need a few more years to see it becoming reality.