Jack Dorsey, CEO of Block Inc (NASDAQ: SQ), expects Bitcoin (CRYPTO: BTC) to be the driving force of the company’s business expansion across the globe, CNBC reported on Wednesday.
What Happened: Speaking at Block’s first investor day since 2017, Dorsey expanded on how Bitcoin plays an important role in the firm’s shift in focus.
“Bitcoin is the open standard for global money transmission,” stated Dorsey, adding that the leading asset will allow Block’s “entire business to move faster globally.”
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