Twitter Inc.’s finance chief stated the social-media firm has considered the way it would possibly pay workers or distributors utilizing the favored cryptocurrency bitcoin.
Chief Monetary Officer Ned Segal, in speaking Wednesday with Andrew Ross Sorkin on CNBC’s “Squawk Field,” stated the corporate continues to assessment potential makes use of of the digital forex.
“We’ve completed a variety of the upfront pondering to contemplate how we’d pay workers ought to they ask to be paid in bitcoin, how we’d pay a vendor in the event that they ask to be [paid] in bitcoin and whether or not we have to have bitcoin on our stability sheet ought to that occur,” Mr. Segal stated. “It’s one thing we proceed to check and have a look at, we wish to be considerate about over time, however we haven’t made any modifications but.”
Twitter Chief Government Jack Dorsey is a bitcoin advocate. Cost firm Sq. Inc., which Mr. Dorsey additionally leads, lately acquired about $50 million price of bitcoin for its company treasury.
Mr. Segal’s feedback got here days after electric-vehicle maker Tesla Inc. stated it had bought $1.5 billion in bitcoin. Tesla additionally stated Monday that it expects to start accepting the cryptocurrency as payment from clients quickly.