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Twitter Considering Adding Bitcoin to Its Balance Sheet, According to CFO Ned Segal

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Wed, 02/10/2021 - 14:23
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Alex Dovbnya
Twitter is looking into having Bitcoin on its balance sheet
Twitter Considering Adding Bitcoin to Its Balance Sheet, According to CFO Ned Segal
Cover image via twitter.com
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According to Twitter CFO Ned Segal, the social media giant is considering adding Bitcoin to its balance sheet.

Moreover, Segal told CNBC that Twitter was thinking about how its employees could get paid in the cryptocurrency:

We've done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin, how we might pay a vendor if they asked to be paid in BTC and whether we need to have BTC on our balance sheet.

Related
Oracle Rumored to Be Next Corporation to Get into Bitcoin: Max Keiser's Source

Square was a trailblazer

Twitter embracing Bitcoin would be perfectly logical given that its CEO, Jack Dorsey, is one of the most vocal proponents of the flagship cryptocurrency.

Back in October, Square, another company spearheaded by the billionaire, invested $50 million into Bitcoin, becoming the first major public company to make such a move.

Tesla's recent $1.5 billion Bitcoin purchase is expected to embolden more corporations to add the cryptocurrency to their balance sheets.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.