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Jack Dorsey Highlights Bitcoin's Importance for Small Business Financial Independence

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by Giorgi Kostiuk

9 hours ago

Jack Dorsey, CEO of Block, recently reiterated his support for Bitcoin, emphasizing its potential to empower small businesses financially.

Dorsey’s Support for Bitcoin

Jack Dorsey highlights Bitcoin’s capabilities to decentralize finance, allowing small businesses to free themselves from traditional banking dependencies.

Vision for Financial Independence

According to Dorsey, "Small businesses can be their own bank" with the help of Bitcoin. This open protocol offers transparency and helps bypass traditional banking controls.

Bitcoin Integration in Payments

Block plans to integrate Bitcoin into payment processes by 2026, improving efficiency and reducing transaction costs. The use of the Lightning Network is expected to provide quick and cost-effective payments.

Given the growing interest in Bitcoin among institutional investors and small businesses, the integration of cryptocurrency into trading operations is expected to drive significant changes in the financial sector.

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