There is no need to introduce Jack Dorsey. Or is there?
He is a well-known CEO of one of the largest social networks Twitter and also a mobile payment company Square. This multi-billionaire recently made headlines again as he openly promoted and supported Bitcoin. He said it is a cryptocurrency with unique strength and potential to rule the world. In 2008, he received the “Innovator of the year award” from The Wall Street Journal, which ranked him among the top 35 innovators in the world.
Jack Dorsey, Twitter CEO, Source: shutterstock.com
Dorsey is known to be an absolute Bitcoin maximalist, and his statements to other cryptocurrencies cannot be considered very flattering. He even called Ethereum, the second-largest cryptocurrency a possible scam, and with those words, he certainly did not incline its vast community. He completely ruled out speculation about the possible integration of Ethereum NFT e-wallets with Twitter accounts.
Despite his clear focus and “resistance” to other cryptocurrencies, in March this year, he did not hesitate to use the services of the ETH platform and through it, he sold in the form of NFT his very first tweet with the text “just setting up my twttr”. It was posted on March 21, 2006, and was sold as an NFT for $ 2.9 million. This amount later went to the charity GiveDirectly, which supports people living in poverty. Twitter also released 140 of its own free NFTs, most of which were moving images of the company’s logo.
There was a hot debate on Dorsey’s Twitter account
An interesting debate took place a few days ago in a thread under Dorsey’s post. Of course, the number of comments below his posts is nothing special, but this time the CEO of Twitter himself was extremely active in responding. In one of the comments, he suggested that each Twitter account should be linked to the NFT wallet. Users could then freely select the NFT from their wallet and use them as an avatar for their Twitter account.
Another user responded by saying that a similar feature would be much more beneficial for Ethereum than for Twitter. This means that Twitter has virtually no incentive to take a similar step. In addition, this kind of implementation of Ethereum NTFs could be detrimental to the adoption of Bitcoin, which would run counter to Dorsey’s beliefs. Dorsey responded to the call and said he agreed, but only if it would be linking Twitter accounts to BTC Lightning Wallets.
Connection of Bitcoin and Twitter, Source: shutterstock.com
Linking Twitter accounts with fast payments
The head of Twitter said that every account on his platform should be linked to Bitcoin Lightning Wallet. A similar implementation could be very interesting for Twitter, as it could bring significant profits to the company. However, it is still unclear whether the platform will actually implement this feature in the coming months. Dorsey also avoided commenting on whether and when that could happen.
The new feature, in the right form, could bring Bitcoin a truly massive increase in the number of active users. Lightning wallets are designed to offer fast and secure payments. On the platform, this is likely to attract a number of cryptocurrency enthusiasts looking for secure and reliable payment networks to make payments efficiently.
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