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Twitter could be the next big company to buy Bitcoin, according to the technology company’s chief financial officer, Ned Segal, told CNBC.
The chief financial officer of the social networking platform said: “Twitter has considered whether it can keep Bitcoin on its balance sheet, but it hasn’t made any changes yet.”
“Twitter has been thinking about how to pay vendors or employees who use Bitcoin, if they request to transact using virtual currency, and if we need to get Bitcoin,” Segal said.
The tech company is keeping a close watch on other companies and has discussed adding crypto assets to its own books or using them to pay salaries for its employees.
He added: “We might ask ourselves if we are converting dollars to Bitcoin at the time of the transaction or if we want the Bitcoin on our balance sheet to be ready to close this transaction.”
Segal’s comments come two days after Tesla revealed that the automaker had purchased $ 1.5 billion worth of cryptocurrency and may soon accept it as a payment method for cars, pushing the price of the cryptocurrency. at a higher level.
GM “I don’t mind”!
And if other billions of dollars of companies announce similar purchases or certification programs, that could help push the price up.
In turn, General Motors CEO Mary Barra said yesterday, in response to a question about accepting Bitcoin as a payment for vehicles: “It’s something that we monitor and evaluate, and if it There is a strong demand from customers for this in the future, nothing is stopping us. ”
Unlike Musk, however, Parra said, “We don’t intend to invest in Bitcoin.”
Bitcoin
Twitter shares rose 11% on Tuesday after the company surpassed Wall Street’s quarterly sales and profit targets and followed its social media counterparts to predict a strong start to 2021 as ad spend increases from the bottom.
MasterCard opens the network to specific crypto-currencies
Additionally, MasterCard said it plans to provide support for certain cryptocurrencies through its network this year, in order to join a series of large companies that have pledged to provide similar support.
The company announced the expansion of its cryptocurrency program, making it easier and faster for partners to bring secure and compatible payment cards to the market.
To enhance the partnership experience, cryptocurrency and cryptocurrency partners are invited to join the Mastercard Accelerate program for emerging brands and fintech companies, giving them access to everything they need to grow. quickly.
Investment management firm BlackRock, payment firms Square, and PayPal have also supported cryptocurrencies recently.
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