Bitcoin Will Replace All Currencies

Jack Dorsey foresees that a decade ahead, the bitcoin currency will replace all the world's currencies. Dorsey believes that bitcoin will eventually overcome all kinds of financial transaction barriers adopted globally so far.

Although today, the use of bitcoin is still plagued by volatility or price that is easy to rise and fall, mainly due to banning ads on multiple platforms and refusals in some countries.

The ease of transaction and availability of use also poses a major challenge to cryptocurrency or virtual currency.

Dorsey estimates that after bitcoin becomes a currency that can make transactions simpler, then service providers and products begin to accept it, then eventually this cyptocurrency will likely become more stable.

In the past few months, Dorsey has introduced a virtual currency in his new startup in the field of mobile peer-to-peer payments named "Square" he founded with Jim McKelvey in 2010.

Unfortunately, Dorsey's double positions give rise to oblique views from some industry observers. They suspect that, in the position of a double CEO, Dorsey will be depressed, and involve him in a conflict of interest.

Dorsey called the difficulty of thinking objectively to make decisions about cyptocurrency advertising on the Twitter platform, as KompasTekno collects from Android Headlines.