As early as September, Twitter became the first major social media platform to adopt Bitcoin (Bitcoin) Tips to enable users to send BTC directly to their favorite content creators through the native front-end of the website. The company also allows users to send their BTC via the Bitcoin Lightning Network to ensure near-instant settlement time.
In response to an analyst’s question on how cryptocurrency affects the company’s overall global strategy, Dorsey said on the company’s third-quarter earnings call on Tuesday:
“it [Bitcoin tipping] Allow faster speed. Both tip subscriptions are new. These are the products we want to ensure again. We start small, we find the right products that people want to stick to, and they evaluate every day. Then we will promote them to more and more people, expand the scale and continue to iterate the product. “
Dorsey expects that the company can eventually combine Bitcoin tipping with corporate plans, such as working with advertisers on the platform. Number of profitable users on Twitter Grown up The global increase was 13% year-on-year, reaching 211 million.
Earlier this month, Square, a financial services platform also founded by Dorsey, announced plans Build an open source Bitcoin mining ecosystemAt the time, Dorsey stated that the company’s goal was to help further decentralize Bitcoin in order to increase the distributed resilience of the technology.