Twitter CEO Jack Dorsey confirmed to investors in the social media giant’s second-quarter earnings call that bitcoin will be a “big part” of the company’s future. He added that he hopes to integrate the digital currency into existing Twitter products and services, which include commerce and subscriptions.
Dorsey has been an evangelist for bitcoin for several years, and now plans to blend his passion with business. Although an exact plan is yet to be fully mapped out, the 44-year-old did share some context over new product offerings:
“If the internet has a native currency—a global currency—we are able to 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.
“There’s an obvious need for this, and appreciation for it. And I think that an open standard that’s native to the internet is the right way to go, which is why my focus and our focus eventually will be on bitcoin.”
Are we seeing the beginnings of a decentralised social media?