Jack Dorsey emphasized that the use of bitcoin as an alternative to physical gold to save accumulations is not enough.
“I think that bitcoin should be a payment tool to remain relevant. Otherwise, he will simply become something that you buy and forget, using only in emergency cases or when you want to eliminate the asset. If he does not go to the field of everyday payments and does not find application in real life, then its relevance will be rapidly decreasing, ”Dorsy said.
The entrepreneur called for the development of simple and affordable solutions for payments that would ensure speed, confidentiality and safety of operations with the first cryptocurrency.
According to him, with the improvement of the availability of cryptocurrency and a return to the main ideas on which Bitcoin was built, problems with volatility can be solved.
Previously, Jack Dorsie explained why Bitcoin perceives not just as a currency, but as a dominant world reserve asset that can overthrow the US dollar in the future.
Source: Bits
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