CEO of Twitter, Telecom News, ET Telecom

San Francisco: The online world needs a global currency, and we are focusing on Bitcoin because with this cryptocurrency we can reach every person on the planet, pointed out Jack Dorsey, CEO of Twitter.

A strong supporter of Bitcoin, Dorsey said the cryptocurrency world allows for speed, a lot more innovation, and opens up entirely new use cases.

“If the internet has a native currency, a global currency, we can go faster with products like Super Follows, e-commerce, subscription, Tip Jar and we can reach every person on the planet,” Dorsey said during of the conference. Call for Q2 investors on Thursday.

“There are three trends that are relevant to Twitter and our shareholders. AI, decentralization and the Internet, finally having access to a native global currency in Bitcoin. All of this will help us do our job better and we intend to lead the way in all of them. »He stressed.

In the second quarter of 2021, Twitter saw its revenue reach $ 1.19 billion, an increase of 74% (year-on-year).

The microblogging platform now has 206 million monetizable DAU on average (mDAU) in the second quarter, up 11%.

“As we move into the second half of 2021, we’re shipping more, learning faster, and hiring great talent. There is a tremendous opportunity to get the whole world to use Twitter,” Dorsey said.

Dorsey and rap artist Jay-Z recently announced that they will invest 500 Bitcoins (around Rs 174 crore) in an endowment to fund Bitcoin development with a focus on India and Africa.

For Dorsey, Bitcoin is like poetry and he sees many opportunities for Bitcoin to bring about radical change in the world.

“Most people access the Internet on mobile. Any solution we design must deliver a great mobile experience, despite its shortcomings and drawbacks. Uncompromising focus on mobile interaction is likely to include most. people, ”he said.

He has announced his intention to consider creating a hardware wallet for Bitcoin for customers of his digital payment services company Square.