Social media boss ‘likes’ cryptocurrency offering – Jim Duffy comment

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BusinessI’m not a big Twitter fan.Wednesday, 14th October 2020, 7:00 am “/> The main man at Twitter – a Mr Jack Dorsey – has recently caused a stir, says Duffy. Picture: John Devlin.I always feel it is one of those social media platforms that allow bile, toxic chatter and political agendas to flourish. That said, in this US Election, there has been a clampdown on what is not the “truth”. That aside, the main man at Twitter – a Mr Jack Dorsey – whose handle own his platform is @Jack, has recently caused a stir.Not because of anything he said on Twitter, but what he did as the boss of his other multi-billion-dollar company, Square. It seems Dorsey convinced his board of directors and shareholders to endorse a $50 million (£38m) purchase of Bitcoin. This has caused ripples throughout the whole of corporate America.Sign up to our daily newsletterThe i newsletter cut through the noiseSquare is a financial platform – we live in the age of platforms these days – that allows its users to buy and sell cryptocurrency and move between fiat (dollars) and Bitcoin. It is what is termed a cash app that competes directly with PayPal’s Venom on money transfers. With …

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