A top Twitter executive said the social network is thinking about after Tesla’s unexpected move this week to put resources into bitcoin.
Twitter’s finance chief, Ned Segal, said Wednesday morning that the social media monster is thinking about adding bitcoin to its balance sheet, following the lead of Tesla CEO Elon Musk, whose electric-car company said Monday it has purchased $1.5 billion worth of the head digital currency as a speculation.
Segal said his crypto interest has more to do with how Twitter will execute with employees and vendors who lean toward bitcoin to fiat money.
“We’ve done a ton of the forthright deduction to consider how we may pay employees should they request to be paid in bitcoin,” Segal told in a meeting. “How we may pay a seller on the off chance that they requested to be paid in bitcoin and whether we need to have bitcoin onbour balance sheet.”
The CFO probably won’t need to search far for direction on the most proficient method to get bitcoin onto his books. Twitter Chief Executive Jack Dorsey’s other company where he is CEO, the installments company Square, bought $50 million worth of bitcoin back in October.
Bitcoin’s value shot up in excess of 10% after Segal’s appearance however have since traded lower, as of late changing hands at $44,305.80.