Can Bitcoin Bring World Peace? Jack Dorsey Hopes So

Jack Dorsey was one of the featured speakers at The B Word Conference Wednesday. He spoke of how the two companies he founded will use Bitcoin BTC/USD and also his grand ambitions for the cryptocurrency.

Dorsey was featured at the event with Ark Invest founder Cathie Wood and Tesla Inc TSLA CEO Elon Musk.

Role of Square, Twitter: As the founder of both Twitter Inc TWTR and Square Inc SQ, Dorsey said he has a role to push for more decentralization and supporting Bitcoin.

Dorsey said he’s learned a lot and wants to develop a platform for cryptocurrency:

  • On the Square side, Dorsey supports open development to facilitate the growth of Bitcoin.
  • On the Twitter side, Dorsey is working on creating a decentralized social media platform too.

Community Support: Dorsey praised the community of Bitcoin and wants to help show with actions through building platforms to support them.

“What inspires me the most is the community driving it,” Dorsey said.

Dorsey said the support of cryptocurrency, specifically Bitcoin, reminds him of the early days of internet growth with strong network and community support: “Can’t just be an asset that we own.”

Related Link: Elon Musk Owns Bitcoin, Some Ethereum And Some Doge, Main Takeaways From The B Conference

World Peace: Individuals don’t have power with the number of distractions caused by monetary policy, Dorsey said.

“My hope is world peace,” Dorsey added when asked what he would like Bitcoin to accomplish.

Monetary takes away from bigger global problems, which could be solved if a currency like Bitcoin gains wide adoption, Dorsey added.

African countries like Nigeria were mentioned by Dorsey as beneficiaries of global adoption of Bitcoin as a form of payment.

Posted In: B Word ConferenceBitcoinCathie WoodElon MuskJack DorseyCryptocurrencyNewsMarketsMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.