Twitter CEO Jack Dorsey Thinks Digital Currency is the Future

Jack Dorsey, the CEO of Twitter as well as Square Inc. told an audience of cryptocurrency lovers that he sees digital currencies being the way of the future.

Speaking at the Consensus, a blockchain and cryptocurrency conference in New York City, Dorsey said, “The internet deserves a native currency; it will have a native currency. I don’t know if it’ll be Bitcoin or not, but I hope it will be.”

It was in 2016 that Dorsey had also said that he would love to “see a digital currency thrive.”

Despite his sentiment towards cryptocurrencies, there are people at Square who do not agree. He explained, “I’ll be frank, this was a pretty contentious move in the company.”

Some people at Square were concerned about the technology and Dorsey admitted that debates and fights over the topic still go on.

It was earlier this month that Square said it saw $34.1 million in revenue in the first quarter from selling Bitcoin.

“This technology is a fundamental shift to our world and can have so many positive outcomes,” Dorsey said. “We have to do the work to educate regulators and educate the SEC why this technology is important.”

Disclaimer: We have no position in Twitter Inc. (NYSE: TWTR) nor Square Inc. (NYSE: SQ) and have not been compensated for this article.