Jack Dorsey: Single World Currency
on Sunday, April 1, 2018Jack Dorsey Money Quote saying there will only be one type of currency soon, that will be Bitcoin for all transactions online as well as offline. Jack Dorsey said:
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin” — Jack Dorsey
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While Jack Dorsey’s statement is an interesting perspective, it’s important to note that the adoption of a single currency, especially one as complex as Bitcoin, would require significant global coordination and regulatory changes.
It’s unlikely that all currencies will be replaced by a single currency in the near future. Instead, we may see a shift towards more digital and mobile payment systems, but with a variety of currencies still being used.