Twitter’s CEO and founder, Jack Dorsey revealed plans of making Bitcoin a part of Twitter. Dorsey, who has grown to be one of the industry’s biggest Influencers, plans to add the cryptocurrency to the social media platform in the future. The entrepreneur has always been a fan of Bitcoin, and this is apparent in his regular discussions surrounding digital assets.
Twitter’s Q2 conference call revealed that there is a likelihood of adding Bitcoin to its operation. The social media app plans to integrate the crypto into its business model. The influencer explained during the conference that Bitcoin would be a part of the platform’s future.
Jack Dorsey Calls Bitcoin Internet’s Native Currency
Jack Dorsey opined that Bitcoin’s position shows that it can serve as the internet’s native currency. This means that people globally can trade goods and services with the use of the digital asset. Like many enthusiasts, Jack Dorsey believes that Bitcoin is the future of money, and has spoken on the coin’s importance. The businessman believes that the internet, having a native currency would assure faster settlement of payments for services.
Dorsey mentioned Bitcoin helping people purchase virtual products, such as Subscription, Tip Jar, Super Follows and others. With the native currency, he believes that everyone will have access to numerous products without following a time-wasting approach.
Digital assets have been the solution to the settlement of cross-border payments, which has helped people from different parts of the world pay for goods and services without worrying about intermediaries. The crypto enthusiast added that he believes that the coin would be part of Twitter’s future, citing the importance of the decentralization of social media.
Dorsey assured that Twitter would keep watch of the digital asset community and invest in it. The CEO has been a believer in the crypto even during its first few years, making him an early buyer. He has spoken and enlightened people on the importance of the decentralized technology. If Twitter integrates Bitcoin payment into the system, it would help consumers pay for products easily.
Dorsey Explained Twitter’s Impact In Bitcoin’s Adoption
Square, another company founded by Jack Dorsey, utilizes cryptocurrencies in its operations. Square is a payment platform founded in 2009. Square also offers other services like the selling and purchasing of digital assets. The company has grown immensely over the years as data show that it made almost $4 billion in Bitcoin revenue in the first three months in 2021. The platform also purchase Bitcoin in 2020 due to its belief in Bitcoin being as a way to economically empower while participating in a financial system.
Dorsey was also part of the influencers who attended the virtual B-word conference. The conference had in attendance some of the industry’s well-known players, such as Elon Musk and Cathie Wood. He revealed that Twitter would promote Bitcoin awareness and transparency. The influencer assured that the step would promote the growth and adoption of the digital asset.
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