Square's bitcoin move has caused internal disagreement: CEO Dorsey

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NEW YORK (Reuters) – Square Inc’s (SQ.N) decision to allow users of its mobile app to buy and sell bitcoin this year was a “pretty contentious move within the company” and remains a source of internal tension, the payment processor’s CEO Jack Dorsey said on Wednesday.

Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar

Speaking at a cryptocurrency conference in New York, Dorsey, who is also the chief executive of Twitter Inc (TWTR.N), reiterated his support for the virtual coin, but noted that not everyone within Square shared his views, including members of the board.

“We have a lot of healthy skepticism in the company and a lot of people were certainly skeptics of this technology,” Dorsey said. “There is still a lot of skepticism, and still a lot of debate and disagreements and fights, but that is where the…



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