Twitter CEO says Bitcoin will be the world’s primary currency by 2028

Jack Dorsey, CEO of Twitter, has said that Bitcoin will become the world’s single currency within the next ten years.

“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey told The Times . “This would happen probably over ten years, but it could go faster”, he added.

Dorsey’s support for Bitcoin will be surprising to many, given the recent reports that Twitter is planning to kill ICO and cryptocurrency ads , just like Facebook and Google .

Dorsey’s other venture, Square , has been pro-cryptocurrency from the start. Since January 2018, Square’s Cash App even allows its users to buy and sell Bitcoin instantly.

Dorsey is currently in London to promote Square, and reportedly told The Times that Bitcoin does not have the capabilities right now to become an effective currency.

“It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.”

In fact, Dorsey revealed last week that he is one of the seed investors of Lightning Labs , a Bay Area startup working towards potentially making bitcoin cheaper and faster to use.

Nestlé and Carrefour just put baby milk formula on the blockchain

Global food giant Nestlé has teamed up with French supermarket chain Carrefour to put baby milk formula on the blockchain.

Using IBM‘s food-tracking blockchain software IBM Food Trust , the two firms will provide customers with transparent information for the GUIGOZ Bio 2 and 3 infant milk ranges, “from dairy to shelf.”

IBM Food Trust is based on the Linux Foundation’s Hyperledger Fabric software.

Like other blockchain-enabled products, consumers will be able to access this information by scanning a QR-code printed on the product’s packaging.

Earlier this year, Carrefour revealed its intention to put at least 20 percent of its “in-house” products on the blockchain by 2020. The company mentioned it had DLT-related pilots operating in six countries.

Around the same time, China’s popular online retailer JDom announced that sales of its free-range chickens had doubled in two years, and attributed blockchain-enabled QR-codes to at least some of that success.

Other major supermarkets have been ‘blockchainifying’ their products, too. Auchan sells carrots that are on the blockchain, while Dutch supermarket Albert Heijn has used the technology to render the supply routes of its orange juice totally transparent.

Twitter takes away @bitcoin from BCH fans and Roger Ver is crying free speech

Yesterday, Twitter briefly suspended the @bitcoin handle on its platform, sparking an outrage among Bitcoin Cash (BCH) supporters. The micro-blogging service has since reinstated the account, but it remains unclear who is in control of it.

Some people speculate Bitcoinom CEO Roger Ver to have been the owner of the account, but he has constantly denied it.

One thing is for sure though: It no longer belongs to BCH supporters.

Roger Ver, predictable given his staunch support for Bitcoin Cash, started crying free speech on Twitter.

Bitcoin Cash fans have since argued that the Twitter suspension was the result of a coordinated effort by Bitcoin supporters. The suspension has since chained a number of social media latercations between BCH and BTC proponents.

Even though Bitcoin Cash fans couldn’t see the humor in this suspension, Litecoin’s Charlie Lee thought it was laugh out loud worthy, openly mocking the suspension on Twitter.

Bitcoin engineer, Jameson also took this opportunity to remind Ver the actual meaning of freedom of speech. Here’s what he had to say:

Following the suspension yesterday, the @bitcoin handle ended up in the possession of an anonymous user with a picture of a jaguar.

Judging by the tweets, the person was likely from Turkey. He managed t0 get more than 2,500 followers within an hour. Unfortunately, his 15 minutes of fame ended when Twitter decided to suspend the account again.

Shortly after the second suspension, Twitter restored the account once again – but seemingly to a different person.

The new profile is private, and belongs to a ‘K’.

r/Bitcoin also took no mercy when it came to trolling Roger Ver and Bitcoin Cash fans over this suspension.

For what it’s worth, Bitcoin and Bitcoin Cash supporters have long argued over the ownership of the @bitcoin handle.

While it’s unlikely the rivalry will die out anytime soon, we’ll keep you posted in case Twitter hands ownership of the account to someone else.

Update: As of April 10, @bitcoin seems to have again been restored to the BCH supporter it belonged to earlier.

Correction: This piece inaccurately suggested Ver was in control of the @bitcoin handle prior to the suspension. We’ve updated our coverage to reflect the facts more accurately and apologize for the mistake.