Twitter CEO Jack Dorsey is known to many as a fan of cryptocurrencies, so it's no surprise that he has been planning for a long time how best to integrate cryptocurrencies into one of the most successful social networks.
Jack Dorsey revealed more about Bitcoin's plans during a conference call on Twitter's second-quarter earnings.
Jack first started with the fact that Bitcoin will be a "big part" of the company's future, because BTC is the best candidate that can become the native currency of the internet. According to the founder of Twitter, this would mainly mean that "people and companies can freely trade goods and services anywhere on the planet."
If the internet has a native currency, a global currency, we are able 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, Jack Dorsey said.
The Twitter CEO also explained that BTC is a big part of the future, as Twitter and other social media are already considering greater decentralization. In addition, Twitter and shareholders are aware of the importance of the industry and are therefore investing aggressively in it.
Dorsey adds that in addition to Twitter, there is another giant, Facebook, which has been working for a long time on its crypto project Diem, known to many as the old name Libra.