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Bitcoin News Thursday, March 22 Single currency, Ceo jack dorsey, Blockchain technology & more…

Bitcoin News TLDR / Table of Contents

  • Twitter and Square CEO Jack Dorsey predicts bitcoin will be the single currency of the internet in the near future, according to The Times of London.
  • I personally believe that it will be bitcoin, Dorsey said in a report published Wednesday.
  • Bitcoin over the last 12 months – – Dorsey has become increasingly involved in cryptocurrencies.
  • Dorsey was also part of a $2.5 million seed financing round announced last week in Lightning Labs, a start-up trying to make bitcoin transactions more efficient.
  • The Twitter co-founder and CEO told The Times that payment processing companies such as Square need to help make sure bitcoin becomes more widely accepted.

Tags: single currency, CEO Jack Dorsey, globally traded asset, payment processing companies, bitcoin

  • Google is looking at whether it can incorporate blockchain technology, its most senior advertising executive said Wednesday.
  • Sridhar Ramaswamy, Google’s senior vice president of ads and commerce, said the company was researching the technology, but had no official product announcements to make.
  • The core blockchain technology is not something that is super-scalable in terms of the sheer number of transactions it can run, he told an audience at the Advertising Week Europe conference in London, as part of a question-and-answer session on Wednesday.
  • Ramaswamy added that the frictionless nature of the technology has applications in money transfer.
  • The promise of blockchain of course is twofold: one is friction-free value transfer, you can think of it as money transfer working at scale with no friction and that can have an amazing effect on society, because it’s hard to move money.

Tags: blockchain technology, core blockchain technology, senior advertising executive, product announcements, official product announcements

  • A longtime developer in the cryptocurrency world predicts its technology will change global payments, fundraising and stock markets in the near future.
  • McCaleb is now chief technology officer at Stellar, which is focused on developing a cryptocurrency network for cross-border payments.
  • Second, McCaleb said the phenomenon of token sales known as initial coin offerings show entire markets not tapped right now by the financial system.
  • McCaleb went on to co-found Ripple, whose XRP coin is now the third largest by market capitalization.
  • Stellar’s XLM coins, known as lumens, soared into the 10 largest cryptocurrencies by market capitalization around New Year’s.

Tags: initial coin offerings, McCaleb, Gox bitcoin exchange, chief technology officer,

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