The Bitcoin community cheered Tesla’s billionaire Elon Musk this year for his commitment to crypto. Elon Musk has the Bitcoin price strongly driven up, when Tesla announced an official investment in Bitcoin in February. But Elon Musk’s outlandish “Twitter persona” and growing support for Ethereum and meme-based cryptocurrency Dogecoin have since angered Bitcoin fans.

Now Twitter CEO Jack Dorsey, a longtime Bitcoin supporter, has revealed that it’s “only a matter of time” until either Twitter or its still young decentralized social network project Bluesky Integrated Bitcoin payments and thus replaced Elon Musk as the new Bitcoin billionaire champion.

Only a matter of time until Twitter supports Bitcoin

Beware of the Twitter trap“Just a matter of time,” replied Dorsey, who also Payment company Square manages, a Bitcoin fan account on Twitter that asked him to “[das Bitcoin-Lightning-Netzwerk] in BlueSky or Twitter“.

The Lightning network allows Bitcoin to be sent via a Payment protocol built on the Bitcoin blockchain, and is designed to scale the network, reduce fees and speed up transactions. Interest in the Lightning network has been boosted this month by news that El Salvador will use it to facilitate the online issuance of Bitcoin. In addition, in addition to the US dollar, Bitcoin is now an official currency in El Salvador.

Dorsey, speaking at the Bitcoin 2021 conference in Miami last week, said that if he wasn’t at Square or Twitter, he would be working on Bitcoin. Blackjack Dorsey, who has renounced so-called altcoins such as Ethereum and Musk’s favorite project Dogecoin in favor of Bitcoin, added about 8,000 Bitcoin to Square’s corporate treasury last year, worth $ 170 million at the time.

Jack Dorsey has Bitcoin repeatedly supported in recent years and claims that Bitcoin has the potential to become the only currency in the world by 2030. Last week it seemed Elon Musk continues to distance himself from Bitcoin, after rolling back Tesla’s Bitcoin support due to environmental concerns in May and releasing a series of somewhat satirical dogecoin memes.

” I pretty much agree with Vitalik, ” Musk wrote on Twitter, responding to a wide-ranging YouTube interview with Ethereum co-founder Vitalik Buterin by AI researcher and podcaster Lex Fridman.

In an interview with Ethereum’s de facto leader, Fridman asked if it would be possible, Upgrading Dogecoin to “Beat Bitcoin by Lengths”, as Elon Musk previously suggested.

Twitter Blue subscription service launches in Australia and Canada

Meanwhile, Twitter also continues to ride a wave of success and launches its new subscription service Twitter Blue in Australia and Canada. The additional paid service will include features like a” Undo Tweet ” button, bookmarks, and add a read mode, Twitter said. The limited launch is designed to” gain a deeper understanding of what customers are looking for.”

But the company also said that the free version of the platform would also remain.

“We’ve heard from the people who use Twitter a lot, and we really mean a lot that we don’t always develop performance features that meet their needs. We’ve taken this feedback to heart and are developing a solution that gives Twitter users what they’re looking for: access to exclusive features and benefits that take their experience on Twitter to the next level. “- Company statement

Twitter said the new subscription was not meant to, undermine the free experience, but to offer” enhanced and complementary “features” for those who want it”. Twitter also adds a “tip jar” to pay for good tweeting.

The new service is expected to cost $ 3,49 in Canadian dollars and $ 4,49 in Australian dollars per month, Twitter said. No date has been announced for other countries, but offers in mobile app stores have revealed that it will cost $ 2.99 in the US and £ 2.49 in the UK.

Benefits of new Twitter payment model

Twitter said that subscribers “Perk“. With examples such as customizable app icons for phone home screens and “fun color themes” for the app. But they will also have access to” dedicated ” customer support, the company says.

Additional features inspired by user requests, according to Twitter, include:

  • Bookmark folders that help users organize saved tweets more easily
  • Undo Tweet, which allows users to set a timer of up to 30 seconds after posting before it appears in public – to allow quick correction of obvious errors
  • Reader mode that turns long tweet threads into easier-to-read text

We will listen to feedback and develop even more features and benefits for our subscribers over time, Twitter continues. However, the verification in the form of a blue check mark is not included. Twitter recently reopened its verification applications for the first time in years, however, the program was forced to close for a few days after only a week of adoption, as it was flooded with requests.

The growth of Twitter’s active users has slowed in recent years. A potential problem for any social network where perceived value is often based on numbers. Twitter has never had the users that Facebook has. So Twitter has hundreds of millions, but not billions. But many of the biggest users are media personalities, politicians and business leaders. The kind of people for whom a small monthly fee may not be too much to ask. This is new territory. Unfounded rumors that Facebook might one day charge a fee have caused digital panic this year.

Last updated on June 13, 2021

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