Twitter finance chief Ned Segal said the company may consider bitcoin as a reserve asset and is willing to pay employees salaries in BTC.
Segal explained that if employees or customers ask for funds in BTC, the company will be ready to consider the idea. Twitter intends to approach this in a meaningful way, but the company has yet to make specific changes. Considering that Twitter CEO Jack Dorsey has always been a supporter of Bitcoin, calling it “the future of Twitter”, this initiative may soon be implemented.
Segal’s position echoes that of Grayscale CEO Michael Sonnenshein, who believes large corporations will follow the lead of Tesla founder Elon Musk and invest in bitcoin. Indeed, many companies doubting bitcoin are beginning to realize its potential.
Wachsman CEO and founder David Wachsman also believes that Musk’s investment in the first cryptocurrency will significantly accelerate institutional investor adoption. Therefore, there is a great chance that crypto assets will be legalized. Waxman added that institutions are already experiencing loss of profit syndrome (FOMO), and it is highly likely that many institutions will also start buying bitcoin.
Square, the sister company of Twitter, has already invested $ 50 million in this crypto asset to expand its economic opportunities. Additionally, last year, Square’s cryptocurrency arm began developing tools that will allow Bitcoin wallet developers to integrate the Lightning Network into their products.
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