Bitcoin will deeply integrate into Twitter : Jack Dorsey
In Q2 financial results Jack Dorsey talked about the decentralization of the internet world because of Bitcoin and now Dorsey sees Bitcoin becoming “deeply integrated” into Twitter.
Jack Dorsey, CEO of twitter, usually shows his interest in Bitcoin Investment & bitcoin protocol based development work. Recently he announced to work on a new business model through the Square project. Now he shared his point on decentralisation of twitter.
Related: Square Will Develop New Futuristic Bitcoin Wallet With integration Of CashApp
On 22 July twitter announced financial results for Q2 2021. The revenue they generate through twitter is $1.19 billion and net income is $66 million. This earning of Twitter is 74% more in comparison to last year.
Amid the financial result announcement, JPMorgan asked Dorsey “how he sees Bitcoin becoming deeply integrated into Twitter”.
Jack Dorsey replied that Bitcoin made this internet world into a decentralized model and people through this decentralized network can expand their business & services with fast speed and also these are our future. In the same way, we will make social media a decentralized model of communication.
“we think about decentralizing social media mark and providing more economic incentive. So I think it’s hugely important to Twitter and Twitter’s shareholders that we continue to look at this space and invest aggressively in it, and we’re not alone here”
Dorsey took the reference of the Libra coin of the Facebook platform. According to Dorsey, Facebook platform is moving toward a decentralized model, maybe they are lagging in this matter. In the same manner we will also bring decentralisation on twitter but that will be based on Bitcoin protocol.
It seems that Dorsey’s project under Square is going to do something better & unique, that will facilitate payments in decentralized form. But here we can’t say with 100% accuracy because the concept of their new business model is not clearly explained by Jack Dorsey or Square team.
Read also: Nigeria will launch central bank digital currency by October
