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Twitter CFO disagrees with Jack Dorsey and says investing in BTC is futile

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Twitter CFO Ned Segal totally disagreed with CEO and creator of social network Jack Dorsey when he recently claimed that investing in BTC is futile.

segal guaranteed that it will not invest the money of the BTC company. The statement goes in the opposite direction of those of Dorsey who became an enthusiast, encourager and entrepreneur of cryptocurrencies.

According to the executive, investing in BTC “doesn’t make sense at the moment” for Twitter. After all, the company would have to change its investment policy. And, thus, opting to “own more volatile assets”, which is not what the company is looking for at the moment.

“There is a different set of decisions that we would have to make if we wanted to have cryptocurrencies on our balance sheet,” Segal told The Wall Street Journal.

Unlike her co-worker, Dorsey recently announced that she is experimenting with cryptocurrency mining. His initiative is a partnership with Compass Mining, a service that hosts, supplies and operates cryptocurrency mining equipment.

So while Jack Dorsey wants to make BTC accessible to everyone, the CFO of the social network doesn’t care about cryptocurrency.

BTC

Although Twitter doesn’t want BTC on its balance sheet, the social network uses cryptocurrency in its operations.

Since September, cryptocurrency enthusiasts have been able to send and receive cryptoactives worldwide through an integration with the Strike app. The new mode is only available on Apple’s iOS operating system.

In addition, Twitter this month announced the formation of a new team of specialized developers to explore the space of decentralized applications and cryptocurrencies.

The company said it is evaluating ways to incorporate decentralized technologies into its products and infrastructure.

Among the short-term projects would be payment systems that allow content creators to receive cryptocurrencies. A system similar to the one used in Steemit.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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