Earlier this month, Dorsey revealed that Square intends to develop an open source unmanaged Bitcoin hardware wallet.
Jack Dorsey, the co-founder of social network Twitter and financial services firm Square, has confirmed that he is planning to integrate Bitcoin’s Lightning Network sidechain with at least one of his businesses.
On June 11, Dorsey responded to a question from Twitter user “deyonté” who asked Dorsey to integrate Lightning Network into Twitter or BlueSky – the decentralized social network Twitter has been working on since 5 years. 2019.
In response, Dorsey succinctly replied:
“It’s just the matter of time.”
Only a matter of time
— jack (@jack) June 11, 2021
Dorsey’s comment seems intentionally vague, with the comment appearing open to be construed as confirmation that BlueSky or Twitter, or even both companies, may be eyeing Lightning integration.
Twitter user “mklad” also suggested that Dorsey’s pro-Lightning comments could be related to Square’s recent acquisition of Jay-Z’s failed music streaming platform Tidal.
Dorsey’s tweet comes amid Square’s recent moves to expand its digital asset operations.
Earlier this month, Dorsey revealed that Square intends to develop an open source unmanaged Bitcoin hardware wallet. The next day, Square revealed a partnership with blockchain infrastructure company Blockstream, Square planning to invest $5 million in a solar-powered Bitcoin mining facility.
Dorsey has long argued that Bitcoin mining encourages adoption and innovation in renewable energy, with Square pledging $10 million to the Bitcoin Clean Energy Investment Initiative in December.
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