Apple co-founder Wozniak says bitcoin should become web’s currency

June 05, 2018
Chris Wheal

Apple co-founder Steve Wozniak has backed recent comments by Twitter chief executive Jack Dorsey, saying he too would like to see bitcoin become the internet’s default currency.

Steve Wozniak would like to see bitcoin become the currency of the web

Speaking at CNBC’s 20/20 conference in Amsterdam late on Monday, Wozniak said: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way.”

Dorsey comments

Wozniak was responding to comments from Dorsey – also CEO of online payments company Square – at CoinDesk’s 2018 conference in New York that he hoped bitcoin would become the “native” online currency.

He said: “I’m just approaching with the principle that the internet deserves a native currency. It will have a native currency. I don’t know if it will be bitcoin. I hope it will be bitcoin. I’m a huge fan.”

While Wozniak is no longer a bitcoin investor, having sold all but one coin recently – albeit at a profit, he remains interested in experimenting with the technology behind the coin – which he calls “pure”.

Bitcoin ‘pure’

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed and it’s pure,” he told CNBC, adding that no single human or company runs it. “That to me says something that is natural and nature is more important than all our human conventions,” he added.

Given the online presence of Apple and Twitter and their entry into the online payments market in recent years, there’s every reason for both Wozniak and Dorsey to support a global payments system that would incorporate a global digital currency.

Although there are now more than a thousand rivals to bitcoin, with several forming the basis of cross-border payments systems, bitcoin remains the biggest with the largest market capitalisation and highest levels of liquidity with several billions of dollars in volume traded every day.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

Related News

XSD Gateway Temporarily Disabled November 20, 2019
Maintenance works are finished November 18, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *