Segal mentioned in a CNBC interview Wednesday that the social media big continues to “examine and take a look at” incorporating bitcoin into its funds.
“We have accomplished quite a lot of the upfront pondering to think about how we’d pay workers ought to they ask to be paid in bitcoin, how we’d pay a vendor in the event that they requested to be paid in bitcoin and whether or not we have to have bitcoin on our stability sheet ought to that occur,” mentioned the CFO. “We need to be considerate about it over time, however we’ve not made any modifications but.”
Twitter would observe the lead of Tesla, which revealed on Monday it had bought up $1.5 billion of bitcoin in January and plans to start out accepting the cryptocurrency as fee. The information despatched bitcoin to an all-time excessive above $48,000 earlier this week. The cryptocurrency is at present buying and selling round $45,000.
A bitcoin announcement from Twitter might not come as a shock to traders, as CEO Jack Dorsey is a passionate fan of the cryptocurrency. He is additionally the CEO of funds firm Sq., which bought $50 million worth of bitcoin in October of last year, which represents roughly 1% of the agency’s whole belongings.