Twitter to integrate Bitcoin

While Facebook is still trying to figure out how to implement its Diem stablecoin, Twitter might have its own crypto project brewing, but featuring a true decentralized and independent currency.

Twitter CEO Jack Dorsey said that “an open standard that’s native to the Internet is the right way to go, which is why my focus eventually will be on Bitcoin”. He also noted that Bitcoin will be a “big part of the company’s future” and will allow “to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet because of that instead of going down a market-by-market-by-market approach”.

Bitcoin is borderless and a global company like Twitter has indeed all the reasons to encourage its use instead of local fiat currencies, which necessitate a heavy financial infrastructure. Furthermore, with Twitter’s 192M monetizable daily active users, such a move would have a big impact on the global crypto adoption.