Elon Musk asked Jack Dorsey whether Twitter would let advertisers pay in Bitcoin. Dorsey dodged the question.
Elon Muskand Jack Dorseyappeared on a panel on Wednesday to discuss the future of bitcoin.
- Musk asked Dorsey if
- Dorsey said it was a good idea - but didn't say whether Twitter would actually do it.
Elon Musk asked Twitter CEO Jack Dorsey whether the social-media platform would accept bitcoin as payment from advertisers - and Dorsey never gave a clear answer.Musk and Dorsey appeared at a virtual panel about bitcoin called "The B Word" on Wednesday, and panel host Steve Lee asked how they personally support Bitcoin through the companies they run. Initially, Dorsey said he was focused on decentralization, both through his payment company Square and Twitter, which aims to build new decentralized social-media protocols as part of its Bluesky project .
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"I do believe that any form of payment they [advertisers] want to use, we should be able to tick. So absolutely, but I'm more focused on how do we create economic incentives in the network itself without having to rely on advertising," Dorsey added.Musk responded that the more ways bitcoin can pay for real-world services, the stronger it becomes. "It seems like accepting bitcoin, maybe some other cryptos, for advertising payments on Twitter would be supportive of bitcoin."
"Hundred percent," Dorsey replied. Musk persisted in his questioning, asking Dorsey again whether he would introduce bitcoin as a payment option, but Dorsey didn't answer.Read more: An $875 mini bitcoin-mining rig is viral on TikTok. The video's creator told us 3 reasons why it's an appealing alternative for crypto traders, and explained its limitations. Elon Musk is CEO of
Musk elaborated in June, saying he'd resume bitcoin payments at the company once there's evidence that Bitcoin miners use 50% renewable energy to power their rigs.
Dorsey announced last week that his payment company Square was building a new business to help bitcoin developers build financial-services products. Dorsey said the name of the company was "TBD" - but it wasn't clear if this was the actual name of the company or if the name is yet to be decided.
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