Big Tech clearly thinks cryptos can improve their global user reach thanks to blockchain’s fast and cheap payments properties. Twitter CEO Jack Dorsey confirmed in the company’s Q2 earnings call that the social media platform will integrate Bitcoin into its services, and Amazon wants to let customers pay in cryptocurrency.
Twitter is focused on Bitcoin, while Amazon is open to other cryptos, according to emarketercom.
Twitter – The planned integrations would enable Bitcoin payments for existing products like Tip Jar, which lets users receive tips from their followers, per TechCrunch. Dorsey is big on Bitcoin: He recently announced that his digital payments firm Square will develop decentralized finance services on the Bitcoin blockchain, and he invested in a Bitcoin development fund in February.
Amazon. The ecommerce leviathan posted an opening on its payments team last week to develop its Digital Currency and Blockchain strategy, per Business Insider. The role asks for expertise in cryptocurrencies and central bank digital currencies (CBDCs), suggesting Amazon wants to add payment options for a wider range of digital currencies than just Bitcoin. So far, Amazon’s main involvement in the space is its Managed Blockchain service, which helps client firms interact with public blockchains like Bitcoin and Ethereum or scale their own private networks.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
