Twitter is considering whether the company should buy Bitcoin in case it has to transact in the cryptocurrency, but no decision has been made yet.
Twitter CFO Ned Segal said this in a comment to the channel CNBC.
Commenting on electric car maker Tesla’s $1.5 billion investment in bitcoin, Segal noted that Twitter is “watching what other companies are doing to see what to learn from.”
“We thought a lot about how we could pay employees if they asked to be paid in bitcoins, how we could pay suppliers if they asked, and whether we needed to have bitcoins on our balance sheet if that happened. We are continuing to study this issue,” said Segal.
“The company’s decision will be influenced by whether requests for bitcoin transactions will be received. If there is a demand for it, Twitter will decide whether to buy bitcoins for dollars before transactions or to buy in advance,” Segal explained.
Bitcoin and Tesla
On February 9, 2021, the value of bitcoin exceeded $48 thousand for the first time. It rose sharply in price amid the news that Tesla invested $1.5 billion in cryptocurrency.
