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.
I honestly do not trust Jack Dorsey. He has mentioned how he wants to make Twitter decentralized but it has never happened. The gatekeeping there just seems to be getting worst.
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Maybe you are right. Especially after people getting banned on Twitter because of talking about Steem and Hive on it. I heard this from people. For example @theycallmedan also mentioned that
And that
Twitter obviously lacks freedom of speech, so we have a good reason not to trust its leader, Jack Dorsey.
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Hello :)
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An old friend. Nice to see you again after a long time.
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If twitter can yeet you off their platform I'm sure they would try and yeet you out of your twitter owned bitcoin wallet.
This is true.
I'm super doubtful in how they will integrate bitcoin in Twitter. I was hoping something like dbuzz or memo. Let's be real Twitter will mess this up
We will see. Maybe you are right. Maybe it will be a huge success. Either way, it will certainly give much more visibility to Bitcoin, and with that to the whole cryptocurrency world. This could also mean a lot of new users to the Hive blockchain. I give you some !PIZZA.
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I don't think Bitcoin will be a means of payment. Bitcon is a store of value. People will buy goods and services with other cryptocurrencies.
Yes, probably you are right. Bitcoin has huge transaction fees, and its price is too volatile to be used as a payment method. Steam accepted it in the past for a short time, but they removed it because of these reasons.
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Probably yes. Bitcoin is the same (or at least something very similar) to the cryptocurrency world what Windows is to personal computers. Both has dominance, but there are much better alternatives. There are free (in the sense of transactions) and fast cryptocurrencies, while Bitcoin is slow and expensive (has high transaction fees).
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