Dorsum in September, Twitter became the offset major social media platform to adopt Bitcoin (BTC) tipping, enabling users to send BTC directly to their favorite content creators through the site's native frontend. The company also allowed users to send their BTC over the Bitcoin Lightning Network to ensure near-instant settlement times.

In response to an analyst's question regarding how cryptocurrencies play into the company'due south overall global strategy, Dorsey said the following during the company's third-quarter earnings call on Tuesday:

"It [Bitcoin tipping] allows for much more speed. Both tipping subscriptions are new. These are products that we want to make certain that again, we started small and we figure out the correct production that people want to stick with and they're evaluating every unmarried day. And then we'll gyre them out to more and more than people and scale it and continue to iterate on the product."

Dorsey anticipated that the visitor could somewhen integrate Bitcoin tipping with enterprise initiatives, such every bit in partnerships with advertisers on the platform. The number of monetizable users on Twitter has grown by thirteen% yr-overyear to 211 meg worldwide.

Before this month, financial services platform Foursquare — besides founded by Dorsey — announced plans to build an open-source bitcoin mining ecosystem. At the fourth dimension, Dorsey stated that the company's goal was to help further decentralize Bitcoin to increase the engineering science'south distributed resilience.