Jack Dorsey: “We Support Bitcoin; It Is A Path Towards Greater Financial Access For All”

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While Facebook has decided to close the page on bitcoin and cryptocurrencies, banning ads about bitcoin, ICOs and other “alternative” financial products, Square is delighted to pick up the market share that Facebook does not care about, and as Jack Dorsey, who is the CEO of both Twitter and Square, tweeted moments ago (in his capacity as boss of the latter), he “supports Bitcoin because we see it as a long-term path towards greater financial access for all.”

“Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.” Dorsey tweeted.

And with that one tweet, which put Dorsey on the other side of the room from Zuckerberg who has explicitly opined against crypto – and the millions of Millennials who are addicted to the digital currency – Twitter may have just bought itself several more days of interrogation in Congress where it will have to explain again, and again, and again why a few thousands “Russian” retweets cost Hillary Clinton the election.

Meanwhile, the acceptance of cryptos in society continues, with Line – the chat and payment app with over 40 million users (compared to 13 million for Coinbase) – announcing overnight that it is also starting a cryptocurrency exchange.