Jack Dorsey and Twitter seem poised to deliver on the challenge posed by Elon Musk in their conversation at the B-Word conference, by integrating Bitcoin into payment methods for tipping of content creators on the social network. Twitter is reported to have included code in recent software update that indicates Bitcoin will be added to the Tip jar, joining Cash App, PayPal and Venmo as payment options. Jack spoke of his vision for Bitcoin implementation for his businesses in the B-Word, confronting Elon Musk with facts surrounding Bitcoin's true use of renewable energy, and Tesla's current position regarding accepting it as payment. Faced with the grounded in fact arguments Elon shifted the focus of the conversation by calling out Jack to move forward with Bitcoin acceptance in his businesses. Though Jack seemed to dodge answering the callout directly, his acknowledgement and smile provided a glimpse of his intent. Well Elon that Bitcoin adoption channel seems to be in the works, your move.
This move by Twitter to lay the ground work for Bitcoin acceptance on the platform is just the tip of the iceberg for Jack Dorsey and his companies. In August it was announced that Twitter and Square also had plans to build out a decentralized Bitcoin exchange, develop Bitcoin educational material, and plans for Square to roll out an assisted custody hardware wallet. Jack is moving forward with his plans and vision of Bitcoin as a key component of his future, and diving deep to explore the possibilities within his business lines.
Though he did not speak to his exact intentions for Bitcoin integration in the B-Word, he did indicate things were in the works, and Jack Dorsey's commitment to the best principles of Bitcoin were very well expressed. As mentioned in our earlier article, the B-Word was an explorative conversation between some forward thinking, influential minds, who can and are effecting adoption of Bitcoin for the right reasons. We like Jack Dorsey and his efforts developing creative and groundbreaking use cases for Bitcoin. Hopefully these latest announcements will spur Elon and Tesla to ante up, and also again accept Bitcoin payments.