Twitter plans to add Bitcoin support to several of the company’s products and services, including subscriptions and commerce.
In a message to investors, Twitter CEO Jack Dorsey said Bitcoin will become a “big part” of Twitter and one of three key areas of focus for the company. The rest is artificial intelligence (AI) development and decentralization.
Twitter CEO has repeatedly confessed his love for Bitcoin, calling it the “currency of the Internet.” Therefore, the choice of this cryptocurrency for integration into Twitter services was obvious. Dorsey said the BTC integration will allow the company to grow faster and create new product lines.
“If the Internet had its own, global currency, we could develop products like Super Follows, Tip Jar, subscriptions and commerce much faster. We could reach out to every person on the planet instead of following a market-by-market strategy. I think this is an important part of the future. We need to look above just currencies, but think about innovation, especially if we are thinking about decentralization and new financial products. Therefore, I think it is important for Twitter and investors to continue to explore and aggressively invest in this area, ”said Jack Dorsey.
He recalled that Facebook is also developing its own digital currency, Diem. Twitter simply needs to go in this direction, and Bitcoin will be the best choice, because it is an open and natural standard for the Internet.
Square, another Jack Dorsey company, recently announced the development of its own hardware cryptocurrency wallet as well as an open platform for cryptocurrency products.
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