Twitter executive has closed the door to cryptocurrency investment for now

Twitter’s chief financial officer, Ned Segal, said that making an investment in cryptocurrencies as a company doesn’t make feel on the moment. it’s going to wish to amendment its funding coverage in order that it may cling belongings. the company prefers to carry much less risky assets equivalent to securities.” He stated. in the same length of last 12 months, this amount was $1.99 billion.

For The Reason That final year, a few vital firms have began to have Bitcoin on their stability sheets. Square and Tesla, in particular, followed this trend, initiated through MicroStrategy.

Square is another company the place Twitter CEO Jack Dorsey is also the CEO and founder. Dorsey is a reputation that in my opinion invests in Bitcoin and strongly helps Bitcoin.

In The Meantime, Twitter recently presented a function that permits customers so as to add Bitcoin and Ethereum addresses to their profiles. The platform could also be engaged on integration with NFTs. aside from this, it used to be stated that researches have been performed to integrate Twitter with decentralized applied sciences, and the company dependent a crypto workforce.