So, Jack Dorsey, the CEO of Block (you know, the guy who used to run Twitter before it became a circus), has decided to grace us with the news that Square is *finally* working on accepting Bitcoin payments. 🎉 Because, apparently, waiting for a digital currency to become usable is just too mainstream.
In a recent tête-à-tête with Bitcoin News, Dorsey declared that if Bitcoin (BTC) ends up being just a “store of value,” it’s basically a failure. I mean, who wants a currency that you can actually spend? 🙄 He insists that for Bitcoin to stay relevant, it needs to be used for everyday payments. You know, like buying coffee or that overpriced avocado toast.
“If it doesn’t transition to payments and find that everyday use case, it just gets increasingly irrelevant. And that’s failure to me,” he said, probably while sipping on a $7 latte. ☕️
As of now, Bitcoin has taken a little tumble, down by 1.8%. It’s currently trading at a cool $83,078. Not too shabby, right? With a market cap of $1.6 trillion, it’s still the big boss of the crypto world. 💰
not a simple flip of a switch but we are doing it
— jack (@jack) April 3, 2025
But wait! Not everyone is clapping for Jack. Adam Simecka, the founder of Manna Bitcoin Wallet, threw some shade at Dorsey, pointing out that he’s still not made Bitcoin payments available on Block’s Bitkey and Square’s terminals. Oops! 😬
“It would be a simple flip of a switch and it hasn’t happened. This should have been the follow-up conversation,” Simecka quipped, probably while rolling his eyes. 🙄
In response, Dorsey insisted it’s not as easy as flipping a switch. But hey, he reassured us that the Block team is on it! “Not a simple flip of a switch but we are doing it,” he said, probably while trying to figure out how to turn on his own Wi-Fi. 😅
Let’s not forget, Dorsey is a Bitcoin cheerleader, having launched a Bitcoin-specific hardware wallet called Bitkey through Block in December 2023. And in a plot twist, Block reported a profit of $2.52 billion from Bitcoin sales in Q4 2023, up 37% year-over-year. So, you know, he’s doing something right. 💸
Oh, and Cash App? It raked in a cool $66 million from Bitcoin sales. Just another day in the life of a crypto mogul! 🤑
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2025-04-03 15:41