Twitter has done "a lot of the upfront" thinking to consider how it might pay employees should they ask to be paid in bitcoin (EXANTE: Bitcoin), Twitter CFO Ned Segal said in an interview with Squawk Box.
Segal noted the company studied the possibilities of paying a vendor if they asked to be paid in bitcoin and whether it needs to add the cryptocurrency on its balance sheet. However, the Twitter CFO admitted the company has not made any changes yet.
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As iHodl earlier reported, Elon Musk's Tesla invested $1.5 billion in bitcoin. Moreover, the well-known American electric-car maker plans to start accepting cryptocurrencies as a means of payment in the foreseeable future.
Tesla also updated its investment policy in January in order to provide the company with more flexibility to further diversify and maximize returns on its cash that is not required to maintain adequate operating liquidity.
In October 2019, Twitter CEO Jack Dorsey criticized Facebook's upcoming digital asset dubbed 'Libra.' Dorsey added that Facebook's digital currency is not consistent with what he personally believes and what he wants Twitter to stand for.
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