Dorsey's vision: Bitcoin as a means of payment for everyone by 2026!

Dorsey's vision: Bitcoin as a means of payment for everyone by 2026!

Jack Dorsey, co-founder of Twitter and CEO of Block, has a clear vision for the future of Bitcoin. Loud Coinspeaker He does not see Bitcoin as a speculative asset, but as real money that should be usable in everyday life free of charge by 2026. These views underscore Dorsey's belief that Bitcoin has evolved from a crypto experiment into a serious part of the global financial system. He emphasizes the stability and transparency of Bitcoin as well as its role as a political instrument and store of value.

Dorsey's vision comes in the context of the growing recognition of Bitcoin by institutions, companies and governments. More and more banks and funds are holding Bitcoin as a strategic reserve, and some countries such as El Salvador and the Central African Republic have even adopted Bitcoin as an official means of payment. The US is currently considering establishing a national Bitcoin reserve. Dorsey argues that Bitcoin represents a transparent, empowered and inclusive financial alternative.

Integration with messaging apps

In order to further develop the use of Bitcoin in everyday life, Dorsey is supporting the “Bitcoin for Signal” campaign together with several lobbyists. The aim of this initiative is to integrate Bitcoin into the messaging app Signal. How Cointelegraph reported, this will happen through the implementation of the Cashu protocol. Dorsey expressed on Platform X that Signal should use Bitcoin. The campaign aims to replace or complement the app's current crypto payment method, MobileCoin, with Bitcoin to enable private Bitcoin payments.

With around 70 million monthly active users, Signal has the potential to significantly increase Bitcoin usage. Supporters of the campaign, including Bitcoin developers like Peter Todd, believe in Bitcoin's potential to enable everyday payments. Dorsey emphasizes that Bitcoin can only be successful if it is accepted as an everyday means of payment.

Blockchain technology as a basis

The technical basis for Bitcoin and cryptocurrencies in general is blockchain technology. Loud BSI This is a technology for decentralized data storage that enables trust and transparency in transactions. The data is stored in blocks and secured using cryptographic methods, which excludes manipulation. Consensus mechanisms ensure that all computers on the network confirm the current status of the blockchain, creating a trustworthy environment.

The adoption of Bitcoin as a means of payment faces challenges including high transaction costs and long processing times, particularly when using so-called proof-of-work mechanisms. Nevertheless, Dorsey believes that the future of Bitcoin lies in everyday use, supported by technologies such as blockchain.