Twitter plans to add bitcoin support for several of the company’s products and services, including subscriptions and commerce.
In an address to investors, Twitter CEO Jack Dorsey said that bitcoin will become a” big part ” of Twitter and one of the three key areas of the company’s development. The rest are the development of artificial intelligence (AI) and decentralization.
The CEO of Twitter 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 that the integration of BTC will allow the company to develop 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 would be able to reach every person on the planet, instead of moving according to the “market by market” strategy. I think this is an important part of the future. We need to look beyond just currencies, and think about innovations, 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 invest aggressively in this direction,” Jack Dorsey stressed.
He recalled that Facebook is also developing its own digital currency, Diem. Twitter just 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 company of Jack Dorsey, recently announced the development of its own hardware cryptocurrency wallet, as well as an open platform for cryptocurrency products.