Bitcoin will be the only currency in the future, says the executive director of twitter; Jack Dorsey!

Jack Dorsey, CEO of Twitter and the payments company Square, has made clear what his opinion is about the future of bitcoin.

Bitcoin, a single currency

In an interview with "The Times," published on Wednesday, Jack, a leading bitcoin investor, said he believes the Cryptocurrency will take the lead over the US dollar. In global finance and will become the main world currency for payments and transactions.

Suggesting that the change could happen in 10 years or maybe less, the entrepreneur said:

The world will finally have a single currency, the internet will have a single currency. Personally I think it will be bitcoin.

Scale problems

I must admit that bitcoin is facing scale problems at this time, so it is "slow and expensive", Jack, argued that he is working on new solutions.

In fact, Jack is investing to help solve this problem, all in order to produce faster and cheaper bitcoin transactions.

Investments to improve transactions
Last week, CoinDesk reported that Jack had participated in a round of funding that raised $ 2.5 million dollars for Lightning Labs. The startup has just launched its beta version of Lightning Network, a protocol layer built on the "Blockchain". The bitcoin blockchain to speed up the transaction process, as well as lower rates.

The investment followed Square's test, announced last November, which allowed limited users to buy and sell bitcoin in their payment application, Cash App.

After the test, Square now offers the bitcoin service in the state of Wyoming in the United States and, according to reports, is looking for the so-called "BitLicense" to extend the option to New York.

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