The Capital
Published in

The Capital

Twitter May Consider Bitcoin As A Reserve Asset

Twitter’s head of finance, Ned Segal, said that the company may consider Bitcoin as a reserve asset and is ready to pay employees’ salaries in BTC.

Segal explained that if employees or customers ask to transfer funds to them in BTC, the company will be ready to consider this idea. Twitter is going to approach this in a meaningful way, but the company has not yet made specific changes.

Given that Twitter CEO Jack Dorsey has always been a Bitcoin supporter, calling it “the future of Twitter,” this initiative may soon be implemented.

Segal’s position echoes the opinion of Grayscale CEO Michael Sonnenshein, who believes that large corporations will follow the example of Tesla founder Elon Musk and will invest in Bitcoin. Indeed, many companies that doubt Bitcoin are beginning to realize its potential.

David Wachsman, CEO and founder of Wachsman, also believes that Musk’s investment in the first cryptocurrency will significantly accelerate its adoption by institutional investors. Therefore, there is a high chance that crypto assets will be legalized.

Waxman added that institutions are already showing fear of missing out (|FOMO), and with a high probability, many institutions will also start buying Bitcoin.

Square, a sister company of Twitter, has already invested $50 million in crypto assets to expand its economic opportunities. In addition, last year, the cryptocurrency division of Square began to develop tools that will allow developers of Bitcoin wallets to implement the Lightning Network in their products.

Originally published at on February 11, 2021.




A publishing platform for professionals in business, finance, and tech

Recommended from Medium

The Dark Side of Bitcoin — A Second Visit

Can Fintech and Blockchain Combine Forces to Emancipate the Underbanked?

A crypto paradise lost? Why Malta is not the last resort for exchanges.

How to Buy Wolf Town Wool Token ($WTWOOL) — Beginner’s Guide

How to Buy Wolf Town Wool Token ($WTWOOL)

dAppy Doge is one of the first playable mobile NFT games

Binance vs. Coinbase — An Overview

Trading cryptocurrency

Blockchain for Beginners: What’s a Coin?

Most Inflationary Popular Cryptocurrencies

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Crypto Basic

The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency

More from Medium

Is BTC’s rally still intact?

With Bitcoin and Ethereum Down in Price, Is Now a Good Time To Buy?

Groundswell Building — Bitcoin HODL metrics update April 2022

CFTC Wants Spot Crypto Authority