Jack Dorsey Hints Twitter Could Combine Bitcoin Lightning Community | Crypto Briefing

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Twitter might help Bitcoin’s Lightning Community someday sooner or later, Jack Dorsey Says.  

Twitter Founder Hints at Bitcoin Integration 

It’s “solely a matter of time” earlier than Twitter integrates Bitcoin’s Lightning Community, Jack Dorsey has urged. Posting on his in style social media web site early Friday, Dorsey responded to a fan’s request to “construct LN into BlueSky or Twitter please and thanks” (BlueSky is a venture centered on decentralizing Twitter). 

Dorsey had taken to Twitter to share a hyperlink to the pockets and encrypted messenger service Sphinx Chat, which runs on Lightning Community, which then prompted the fan to make the suggestion. 

Lightning Community is a Layer 2 constructed on high of Bitcoin. Other than Sphinx Chat, it’s popularly used for fee options like Strike.

Although Dorsey hasn’t stated a lot aside from the five-word tweet, it wouldn’t be a stretch to imagine that Twitter might at some point prolong help for Bitcoin. Dorsey is thought for his evangelism for the unique crypto, final week outlining his intentions to assist “make Bitcoin the native forex for the Web” at Bitcoin 2021. He added that different cryptocurrencies “don’t think about in any respect” for him. 

Dorsey, who additionally runs Sq., has sunk thousands and thousands of {dollars} into numerous Bitcoin-related causes. Sq. initially introduced it had invested within the asset class in Oct. 2020, and has since elevated its holdings to $420 million, equating to five% of its steadiness sheet. The corporate can also be investing in solar-powered Bitcoin mining and weighing up launching a {hardware} pockets. 

It was additionally rumored that Twitter would announce that it had added Bitcoin to its steadiness sheet in February, although the corporate’s CTO Ned Segal didn’t give any particulars away when questioned in a CNBC interview on the time. “It’s one thing we proceed to review and have a look at,” he stated. “We wish to be considerate about it over time, however we haven’t made any modifications but.”

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