8 months ago

Head of Twitter and payment start-up Square Jack Dorsey at the hearings in Congress on Wednesday said his company is exploring the possibilities of using blockchain technology to fight fraudsters.

The head of Twitter noted that blockchain is great for establishing trusted relationships in the digital world. This is especially important in the light of spoofed accounts of counterfeit accounts, trying to deceive users and take their cryptocurrencies.

Earlier Jack Dorsey stated that the Internet needs its own native cryptocurrency, which may turn out to be bitcoin.