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.
Alex DovbnyaSquare 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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Dan Burgin
Vladislav Sopov