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Bitcoin is Still the Most Viable Native Currency for the Internet, Says Jack Dorsey.

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Last updated on September 22nd, 2020 at 10:09 am

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Jack Dorsey, CEO of Twitter has once again affirmed his stance on making Bitcoin adoption a reality for the whole wide-world.

Speaking to Reuters in an interview published on 10/09/2020. Dorsey said that Bitcoin is still the most viable internet-native currency.

Speaking to Reuters, he said:

“I think the Internet wants a currency, and wants a native currency, and I think bitcoin is the best manifestation of that thus and I can’t see that changing given all the people who want the same thing and who want to build it for its potential.

Read Also: Africa Will Define The Future, Especially The Bitcoin Future Says Jack Dorsey After Having His Third Bitcoin Meet-up In Africa.

Our job as toolmakers is to make that job easier for people to access, make it easy for people to understand, and most importantly, utilize, and in that we learn how to make it accessible to more people, where it is useful and not useful.”

As part of his efforts for adoption, Jack visited Nigeria and other African countries last year during which he met with some project startups and other influencers and enthusiasts. 

In a way of strengthening his support for the adoption of the permissionless nature of Bitcoin, Jack’s own Square Crypto firm has opened up a non-profit ‘Cryptocurrency Open Patent Alliance (COPA) organization calling on all interested crypto firms to join and grow the ecosystem.

The COPA organization aims to work towards adoption by stopping companies from hoarding patents that stifle innovation and adoption in the industry.

There is growing concern that “patent lockup” could stifle innovation and adoption from bitcoin to the most obscure cryptocurrency. 

COPA is an industry-wide invitation to the patent equivalent of an open-source community. 

Its two-pronged approach includes:

  • A pledge that no member will ever assert their patents on foundational cryptocurrency technology, except defensively.
  • The creation of a shared patent library that lets members use each other’s patents as needed defensively, giving even small companies a shield with which to protect themselves against patent aggressors.

If you are a blockchain company and you are willing to join COPA, you can proceed from here

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