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Twitter chief bullish on bitcoin
Mar 30, 2018
 

Twitter chief bullish on bitcoin

Despite recent weakness in the value of bitcoin and concerns that it cannot currently process transactions fast or cheaply enough to act as a currency, Mr Dorsey, who is chief executive of both Twitter and the payments company Square, believes that bitcoin will overcome these obstacles and will be used to buy everyday items such as coffee. Dorsey had participated in a funding round that raised $2.5 million for Lightning Labs. The startup has notably just launched its beta version of the Lightning Network, a protocol layer built above the bitcoin blockchain to speed up the transaction process, as well as lower fees. Source: The Times (https://www.thetimes.co.uk/article/bitcoin-will-become-the-worlds-single-currency-tech-chief-says-66slm0p6b)

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