The head of Twitter is developing an application for mass adoption of bitcoin worldwide

In the cryptocurrency business of Jack Dorsey, company Square, made a loud statement.

As it became known, Jack Dorsey, who is not only the head of the social network Twitter, but also the owner and head of the cryptocurrency company Square, intends to bring to the market an application that, finally, as many in the cryptocurrency community have been waiting for, can lead to a truly mass accepting cryptocurrency worldwide.

This was stated in Square itself, recalling that Dorsey had recently announced that he had hired specialists in Square who are working on this new product.

Indeed, for the first time that Square, in addition to its CashApp application, intends to introduce something new to the market, it became known in March of this year. At the same time, Dorsey repeatedly stressed that he sees a great future for Bitcoin , which should become the “currency of the Internet”.

Currently, Bitcoins can be bought and sold through CashApp. In this case, the application itself this week has become the most downloaded financial program in the AppStore in the United States, and this is another bright sign that cryptozyme is ending.

Details about the new product are still being kept secret, but it is already known that Dorsey managed to collect "star developers" who are related to the technical stuff of the bitcoin blockchain , and some are participants in the BTCPayServer.

Most likely, the new application will use the “second layer” of the Bitcoin blockchain in the form of the Lightning Network (LN) , in which Dorsey personally invested $ 2.5 million. In addition, he also participated in the promotion of LN.

Publication date 24.05.2019
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