Jack Dorsey, CEO of both Twitter and payment platform, Square, told the Times of London there will be a single world currency in the next ten years, and he believes that will be bitcoin.

His comments came at a downturn in the broader crypto markets and amidst declarations of bitcoin’s imminent demise.

“It’s slow and it’s costly,” Mr. Dorsey spoke of bitcoin as a currency, “but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable,” the Times of London reports.

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