Who is Jack Dorsey?

Jack Dorsey is well-known in the crypto community as the co-founder of Twitter, the most popular social media platform for cryptocurrency investors. He is, after all, a die-hard Bitcoin supporter who owns a number of digital assets. But he's also known as the co-founder and CEO of Block (formerly Square), a company that, following MicroStrategy's lead, decided to stockpile Bitcoins in its vault.

In this post, we'll learn more about who Jack Dorsey is in real life. We'll also look at how Twitter has permitted the acquisition of cryptocurrency and what Block, its sister company, has to offer its users.

Professional education and training

Jack Dorsey was well-versed in computer science from an early age. He began developing open-source software in the field of routing and dispatching (taxis, couriers, etc.) 15 years ago, and some of them are still in use today. He went on to study at the University of Missouri's School of Science and Technology, and then at the University of New York, where he earned another degree.

In the year 2000, his enthusiasm for routage led him to start a company whose goal was to distribute couriers and cabs based on the needs of the users. It may be said that it was one of the first prototypes of many transportation or meal delivery services, such as Uber or Bolt, which exist today.

He then discovered the many programs that allowed him to converse on the internet at the time. Although he found them to be quite useful, he quickly realized that it was difficult to share the status of users easily, and that they were primarily used for individual messaging. In 2006, an idea germinates in his head: the creation of a specific "Twitlog." Twitter did not exist at the time.

Twitter is a social media platform that focuses on cryptocurrencies.

Twitter is a social media platform that is used by a wide range of political figures, as well as government agencies, large corporations, and influencers. Despite the fact that it is not the most popular social networking site in the world, its impact on business is enormous.

As a result, businesses that are evolving in the blockchain industry have quickly realized this. All of the industry's big names have since set up accounts on Twitter, and the first crypto influencers have begun to appear on the platform. Regrettably, some crooks were also involved, and they used this social media platform to promote their criminal activities to uninformed people. However, Twitter has responded admirably and has been successful in putting in place measures to effectively combat the majority of these escroqueries.

As a result, businesses that are evolving in the blockchain industry have quickly realized this. All of the industry's big names have since set up accounts on Twitter, and the first crypto influencers have begun to appear on the platform. Regrettably, some crooks were also involved, and they used this social media platform to promote their criminal activities to uninformed people. However, Twitter has responded admirably and has been successful in putting in place measures to effectively combat the majority of these escroqueries.

Without a doubt, the most well-known crypto influencer of 2017 was John McAfee, who, with each of his Tweets, made the value of the cryptocurrency he was promoting plummet. During the year 2021, it was Elon Musk who took use of the network's power to drive up the price of several digital assets, including the well-known Dogecoin.

Block (formerly Square) is a mobile payment company.

In a similar vein to Twitter, Jack Dorsey founded Square, a company that specializes in mobile and electronic payments. Over the years, the company has acquired others, such as Viewfinder and Afterpay, in order to improve its competitiveness. Square changes its name to Block on December 2, 2021, in honor of the well-known blockchain technology.

After more than six years as Twitter's Chief Executive Officer, Jack Dorsey will step down on November 29, 2021 to focus on his new company, Block, which he plans to expand by include more of what cryptomonnaies have to offer to its customers.

Block, like many other companies evolving in the field of new technologies, decided that allocating a portion of its cash to the purchase of cryptocurrency was necessary. By acting in this manner, the company highlights a trend that has already been started by a few companies, which will inexorably encourage more companies to follow suit, allowing the market cap of cryptocurrency to continue to climb.

Without Jack Dorsey, cryptomonnaies would not have been able to grow as quickly as they have. Because he is a pro-Bitcoin supporter, he has allowed all cryptocurrency projects to use his Twitter platform to promote their various blockchain-related products. In fact, it is the social network that has had the most influence on the crypto community.

After that, he ensured that his company Block diversifies a portion of its assets by acquiring digital assets. As others have done before, this has created a precedent that requires the majority of well-capitalized companies to convert at least a portion of their assets to cryptocurrency.