Bitcoin Updates: Jack Dorsey's Ambitious Bitcoin Plans Met with Doubt Amid Block's Declining Profits
- Block's Square platform enables 4M+ merchants to accept Bitcoin via Lightning Network with zero fees until 2027, aiming to normalize crypto payments. - Dorsey's Bitcoin strategy includes BitKey wallets and Cash App integration, but Q3 earnings fell short, prompting a 11% stock drop and revised price targets. - Competitors like Exodus pivot to stablecoin payments (e.g., Grateful acquisition), while regulators debate $20K stablecoin transaction caps. - Despite Bitcoin's 1.7% 24-hour surge, 80% of users dou
Jack Dorsey's
This rollout builds on Block’s established Bitcoin infrastructure,
Nevertheless, Block’s financial results have come under scrutiny.
The wider cryptocurrency market continues to experience volatility.
Dorsey’s vision for Bitcoin faces obstacles,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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