People do all types of issues for cash, as a result of as a lot as we deny it, cash is energy. However, might bitcoin be totally different? That’s what Twitter and Square’s CEO Jack Dorsey is hoping, the place he hopes that the cryptocurrency will be capable to result in world peace by addressing monetary inequalities.

According to Dorsey,  “My hope is that it creates world peace or helps create world peace. We have all these monopolies off balance and the individual doesn’t have power and the amount of cost and distraction that comes from our monetary system today is real and it takes away attention from the bigger problems.”

His feedback had been made throughout a panel called “bitcoin as a tool for economic empowerment” for the digital convention, The B Word, which additionally featured different distinguished tech giants comparable to Tesla’s CEO Elon Musk and Cathie Wood, chief government of Square stakeholder ARK Invest.

Dorsey additionally notes, “All these distractions that we have to deal with on a daily basis take away from those bigger goals that affect every single person on this planet and increasingly so. You fix that foundational level and everything above it improves in such a dramatic way. It’s going to be long-term but my hope is definitely peace.”

Filed in General. Read extra about Bitcoin, Cryptocurrency and Twitter. Source: engadget