The head of the company wants to integrate cryptocurrency into their products.
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Jack Dorsey, Twitter's co-founder and CEO, has always been a supporter of virtual currency, but has so far not spoken publicly about ever wanting to make digital money part of the company's offerings. However, the manager has now made it clear in a conference call with investors that he wants to pursue the idea in the future, TechCrunch reported.
Dorsey also revealed which functions he envisages integrating bitcoin into. Among the features mentioned as examples were Super Follows, Commerce, Subscriptions and Tip Jar, which will in principle allow users to pay with cryptocurrency. Among the arguments put forward was that the use of virtual currency will allow products to be launched much faster, as digital money will be available worldwide. The aim now is to move from market to market, i.e. to introduce the functionality in one country after another.
Dorsey explained that he believes that bitcoin is the future, and it is therefore very important that Twitter and its investors invest aggressively in the space. Among other important trends, the manager mentioned artificial intelligence and decentralisation. He pointed out that the company is not alone in its cryptocurrency strategy, citing Facebook Diem as an example, and adding that there is an obvious demand for these solutions. He said that open standards on the internet should be followed, and that is why he is also focusing on virtual currency. Dorsey said that Bitcoin has the best chance of becoming the currency of the web.