Beautiful Virgin Islands

Tuesday, Jul 22, 2025

CEO Jack Dorsey: Bitcoin Plays A 'Big Part' In Twitter's Future

CEO Jack Dorsey: Bitcoin Plays A 'Big Part' In Twitter's Future

For the first time, Twitter CEO Jack Dorsey publicly said that bitcoin will be a “big part” of the social media giant’s future. Bitcoin could be integrated into Twitter’s products such as Super Follows, Commerce, Subscriptions, and Tip Jar, said the CEO.

Twitter CEO Jack Dorsey has said that bitcoin will play a “big part” in the company’s future. This is the first time Dorsey has publicly spoken in such depth about how the world’s largest cryptocurrency could be integrated into Twitter’s products. Dorsey is a long term Bitcoin advocate.

Dorsey said on Twitter’s second-quarter 2021 earnings conference call on Thursday that bitcoin is the “best candidate” to become the “native currency” of the internet and that it will mean “people and companies can freely trade goods and services anywhere on the planet.”

He elaborated:

“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.”

“I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it.”

According to the CEO, Twitter is not alone to think in that direction. He referred to Facebook and its crypto project Diem (formerly Libra), saying:

“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.”

Bitcoin enables speed, more innovation, and opens up entirely new use cases, Dorsey praised the largest crypto asset.

Dorsey has been a long-term avid supporter of bitcoin. His other company, payments firm Square, already is involved big time in crypto. Square’s Cash App, which allows users to buy and sell bitcoin, generated $3.51 billion in bitcoin revenue and $75 million in bitcoin gross profit during Q1 2021.

Square also has bought bitcoin on its balance sheet and recently committed to building a bitcoin hardware wallet.

Square has its own crypto team, Square Crypto, which works on bitcoin development kits and other open-source code, but their are planning on building another business division purely focused on Bitcoin.

Dorsey spoke at the recent “B-Word” conference — alongside Tesla CEO Elon Musk and Ark Invest’s Cathie Wood. At the conference Dorsey said about bitcoin:

“It’s deeply principled, it’s weird as hell [and] it’s always evolving. It just reminded me of the internet as a kid,”

He ended his part at B word saying that eventually he hopes that bitcoin will create or help create “world peace”, as too much of the existing monetary power that bitcoin could help to decentralize, is focused on warfare.

Besides bitcoin, Twitter is also focused on decentralization, Dorsey said on the earnings call. Twitter is pursuing an initiative called “Bluesky” to build up an “open, decentralized standard for social media.”

Source: CEO Jack Dorsey: Bitcoin Plays A 'Big Part' In Twitter's Future – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
×