Twitter, Amazon give Bitcoin, crypto market a boost

Segun Adewole

Bitcoin and the crypto market received a boost after revelations from Twitter TWTR + 3% and Amazon AMZN + 0.5% on plans to take cryptocurrencies seriously, Forbes reports.

Twitter CEO Jack Dorsey announced on Thursday that his company has a future with Bitcoin.

During Twitter’s conference call on its second quarter earnings, Dorsey said Bitcoin could be the “best candidate” to become the Internet’s “home currency”.

He added that it could help the social media giant push its product enhancements faster.

He said, “If the internet has a local currency, a global currency, we can move forward so much faster with products like Super Follows, Commerce, Subscriptions, Tip Jar and thereby reach every single person on the planet rather than a market-for- To pursue a market-by-market approach. “

It is reported that Amazon has posted a job posting as the company is looking for experts in digital currency and blockchain.

“You will use your domain expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency to develop the case for the skills that should be developed, drive the overall vision and product strategy, and take on leadership roles and invest in new skills to win. “Insider reported the posting as I said.

An Amazon spokesman told Insider Amazon would eventually accept cryptocurrencies from its customers.

“We are inspired by the innovations in the cryptocurrency area and are investigating what this could look like at Amazon,” said the spokesman.

“We believe that the future will be built on new technologies that enable modern, fast and inexpensive payments and we hope to bring this future to Amazon customers as soon as possible.”

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