Twitter chief Jack Dorsey named Bitcoin as one of three key trends shaping the future of the social network, alongside artificial intelligence and decentralisation. TechCrunch reports, citing the company’s second-quarter earnings report.<\/p>\n
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Dorsey said that integrating cryptocurrency into existing products and services in the future should become ‘a big part’ of Twitter.<\/p>\n
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He also reiterated that he regards Bitcoin as the best candidate for the role of the ‘native currency of the Internet’.<\/p>\n
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\n‘If there is a native global currency in the network, we can develop our products much faster. With it, we can reach every person on the planet,’ Dorsey said.<\/p>\n<\/blockquote>\n
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He noted that Twitter will not be the only service aiming to deploy digital assets. Another major social network, Facebook, could integrate digital currency Diem<\/a>, Dorsey stressed.<\/p>\n
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\n‘There is clearly a need for this. I think the Internet’s open standard is the right path. Therefore we will focus on Bitcoin,’ he said.<\/p>\n<\/blockquote>\n
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Dorsey has long argued that Bitcoin is the best realization of the Internet’s global currency<\/a>. In 2020 he stated<\/a> that blockchain would define Twitter’s future, and in June 2021 he did not rule out the integration of the Lightning Network’s second-layer solution<\/a> into the service.<\/p>\n
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