[vc_row][vc_column][vc_paragraph text=”Jack Dorsey is known as a co-founder and CEO of Twitter. In an exciting interview with Lex Friedman he talked on different topics connected with crypto and innovations.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Problems of the modern financial system ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The chief of the famous messenger explained the dynamics that lead to the necessity of removal of obstacles to the access to financial system, “Digital currencies such as Bitcoin may help us to provide our services all over the world avoiding frictions and regulatory issues.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All the things I learned in the sphere of programming and engineering I learned due to the community. Internet needs its own crypto, and I believe in Bitcoin”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Square, the Twitter’s partner and the American technological company that develops solutions for accepting and processing digital payments, outlined the following key problems of the world of finance and payment industry:”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Risk models;”][vc_paragraph text=”● Entry barriers;”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Accessibility;”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Credibility.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Handling this issues should start from the ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Radical changes of the model. Currently the financial system requires that a man should be accredited in the banking institution in order to be able to make deals.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The new model changes the assumption that a user does not have a credit unless he gains trust. On the contrary, people should be trusted and then this trust needs to be tested to justify the confidence.”][/vc_column][/vc_row][vc_row][vc_column][vc_quote title=”Noted Dorsey:” text=”“Cryptocurency is a response to the need for the more inclusive and participative economy””][/vc_column][/vc_row]
