Moreover, the billionaire entrepreneur said that Cash App has no future plans to accept any other cryptocurrencies at this point. “Our focus is on helping Bitcoin become the native currency of the internet…we have a number of initiatives towards that goal,” Dorsey said.
This comes in the midst of bullish market trends for BTC. After a new all-time high of over $67,000 in October, BTC closed the month over $60,000. In light of these trends, exchanges felt the impact. The BTC supply on various exchanges is at a three-year low.
Additionally, Dorsey said the company plans for the release of the whitepaper for BTC-related products on Nov 19. These products will be a part of a new company Dorsey called, “TBD.”
