He says investing in the space is "hugely important to Twitter and to Twitter's shareholders."
Jack Dorsey has described Bitcoin as a key trend for Twitter’s future.
Speaking to analysts on an earnings call following the release of the social network’s Q2 results, he described it as a global currency that will ensure “people and companies can freely trade goods and services anywhere on the planet” — and give high-profile Twitter users a way to charge for content.
He said Bitcoin is the best candidate for being the internet’s native currency because of how it “can reach every single person on the planet” and play a starring role in features such as Super Follows, subscriptions and tipping. He added:
“I think it's hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it. And we're not alone here. I mean look at what Facebook is trying to do with Libra or Diem, or I'm not sure what they're calling them right now. But there's an obvious need for this and appreciation for it.”
Dorsey’s other company, Square, has been heavily involved in Bitcoin — and payments company has bought a total of $220 million of it.
In recent days, Dorsey announced that he was launching a company focused on bringing DeFi services to Bitcoin, and a new hardware wallet is also in the works.