CEO Roger Ver recently took to Twitter to call for the creation of a single native cryptocurrency for the Internet. The reason for this, as per Ver, is to help create a monetary token that will unify the World Wide Web and make online financial processes easier for people living across the globe.

On the subject, Ver’s official Twitter handle recently posted the following message:

“The internet defies national boundaries. It needs a currency that defies national boundaries.”

More on the Matter

It is worth noting that Ver is not the first altcoin supporter to call for the creation of a native currency for the internet. For example, a couple of weeks back, Twitter top-man Jack Dorsey too said that he definitely saw Bitcoin as a potential unifying monetary offering for world wide web.

During his now infamous appearance on the Joe Rogan Experience, Dorsey was quoted as saying:

“I believe the internet will have a native currency and I think it will be Bitcoin — given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet. IT IS OF THE INTERNET.”

To further elaborate on his point, the CEO of Square also said that his company was one of the first mainstream financial entities to discuss the creation of a Bitcoin regulatory framework with the folks over at the US Securities and Exchange Commission [SEC].

Other Key Information Worth Bearing in Mind

Roger Ver, who is quite a polarizing figure within the global crypto community, has been extremely vocal in his criticism of the the BTC project — ever since the flagship crypto asset underwent a hard fork back in August 2017.

As part of his criticism, Ver has time-and-again implied that Bitcoin is not a good “store of value” nor does it have any substantial industrial use-cases.

However, he did seem to indicate that BTC could potentially have good value if used as a singular base currency for the internet. In this regard, when asked by an independent crypto analyst ‘Bakktstreet Boys’ whether he was “finally coming back to Bitcoin”?, Ver did not offer any response.

Final Take

In closing out this piece, it should be pointed out that a lot of independent crypto analysts are of the opinion that apart from the internet, even the physical world is direly in need of a “digital token” that can transcend the limitations of national boundaries.

The views and opinions expressed in the article Roger Ver Supports Jack Dorsey’s Notion of a Singular Cryptocurrency for the World Wide Web do not reflect that of nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.

Leave a Reply