Jack Dorsey, the CEO of Twitter and Square, has made it clear that he does not want to be involved with Bitcoin. His tweet about Bitcoin, in which he said that it would be the only cryptocurrency he would ever support, ended up costing him his role as the chairman at Square.
Last week, Jack Dorsey, the CEO of Twitter, mentioned that he was working on the integration of the Lightning Network (LN) into Twitter. Previously, Dorsey tweeted that LN would be implemented into the American Express card in the 2018 first quarter. But this time, he added, “We are also working on integrating LN into Twitter or BlueSky (our payments business). Stay tuned.”
Jack Dorsey, the Twitter and Square CEO, tweeted today that he will integrate the Lightning Network into Twitter or BlueSky (None other than the same app that made him $1billion)
Jack Dorsey, co-founder of social network Twitter and financial services provider Square, has confirmed that he is considering integrating Bitcoin’s Lightning Network sidechain into at least one of his businesses. On the eleventh. In June, Dorsey responded to Twitter user deyonté, who asked him to integrate the Lightning Network with Twitter, or BlueSky, a decentralized social network in whose development Twitter has been investing energy since 2019. To which Dorsey replied: It’s only a matter of time. It’s only a matter of time. – jack (@jack) 11. June 2021 Dorsey’s comment seems intentionally vague and could be interpreted as a confirmation that BlueSky or Twitter, or even both companies, are considering a Lightning integration. Twitter user mklad also suggested that Dorsey’s comments in favor of Lightning could be related to Square’s recent acquisition of Tidal, Jay-Z’s failed music streaming platform. Dorsey’s tweet comes in the context of Square’s recent efforts to grow its digital assets business. Earlier this month, Dorsey revealed that Square was planning to develop an open-source, memoryless hardware bitcoin wallet. The next day, Cointelegraph reported that Square had announced a partnership with blockchain infrastructure company Blockstream. Square plans to invest $5 million in bitcoin mining on solar power. Related: Green Bitcoin: Impact and importance of energy use for PoW Dorsey has long argued that bitcoin mining is driving adoption and innovation in the renewable energy sector. In December, Square pledged $10 million to the Bitcoin Clean Energy Investment Initiative.The founder of Twitter and Square, Jack Dorsey, is rumored to soon announce that he will be bringing Lightning Network to Twitter and BlueSky. In an interview published on qz.com, Dorsey was asked about the progress on Lightning Network integration. Dorsey commented: “I’m excited about Lightning Network. I think it’s a very important technology and we should be part of that.”. Read more about jack dorsey wife and let us know what you think.
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