Twitter CEO Jack Dorsey reiterates a positive outlook on Bitcoin tipping during earnings call

Twitter was the first social media platform to support Bitcoin tipping in September. Users can send Bitcoin directly to their favourite content creators via the native frontend. To ensure fast settlement times, users could also send BTC via the Bitcoin Lightning Network.

Dorsey answered a question from an analyst about how cryptocurrencies fit into the company’s global strategy during Tuesday’s earnings call.

“It [Bitcoin tips] allows for much greater speed. Both subscriptions to tipping are brand new. These are products we want to ensure that we do not create again. We started small, and then we find the right product that people love and continue to evaluate every day. Then we will roll them out to more people, scale it and keep improving the product.

Dorsey predicted that the company would eventually integrate Bitcoin tipping into enterprise initiatives such as partnerships with advertisers on Twitter. Twitter’s monetizable users have increased by 13% to 211 millions worldwide.

Square, a financial platform founded by Dorsey, announced earlier this month plans to create an open-source Bitcoin mining ecosystem. Dorsey stated at the time that the company was aiming to further decentralize Bitcoin and increase its distributed resilience.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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