According to Twitter’s Chief Executive Officer Ned Segal, the social media company is considering the option to add Bitcoin to its balance sheet for accommodating employees and vendors who prefer payments in crypto.
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Segal remarked that Twitter as “done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin, how we might pay a vendor if they asked to be paid in Bitcoin, and whether we need to have Bitcoin on our balance sheet should that happen”.
"We've done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in #bitcoin, how we might pay a vendor if they asked to be paid in #btc and whether we need to have #btc on our balance sheet," says @NedSegal $TWTR. pic.twitter.com/KjIgnqDmYC
— Squawk Box (@SquawkCNBC) February 10, 2021
According to a news report published earlier today, Segal’s statement also echoed Grayscale CEO Michael Sonnenshein’s opinion, who stated that big companies will likely follow Tesla’s example and invest in Bitcoin. “You’re going to see a lot of other visionary leaders and disruptive companies actually realizing it has really moved from why to why not”, he added.
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Twitter CEO Jack Dorsey has also expressed positive sentiments toward the crypto game. Adding fuel to the flare, Dorsey’s Twitter bio says one word, “Bitcoin”, which may have convinced the Tesla maverick Elon Musk to do the same.
It’s worth mentioning that the Twitter CEO runs his very own Bitcoin node, a software for running the Bitcoin blockchain that enables transactions through secure networks.
