Twitter CFO Says Buying Crypto Assets ‘Doesn’t Make Sense Right Now’: Report

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Investing in cryptocurrencies “doesn’t make sense right now,” Twitter CFO Ned Segal mentioned, in accordance with the Wall Street Journal.

  • Twitter must change its funding coverage to carry extra risky property on its steadiness sheet, Segal mentioned. The firm prefers to carry much less risky property, equivalent to securities, he added.
  • Fintech agency Square, which can also be headed and co-founded by Twitter’s Jack Dorsey, Musk’s Tesla, and software program agency Microstrategy maintain crypto on their steadiness sheet.
  • Dorsey is a supporter of decentralized expertise, together with bitcoin and cryptocurrencies.
  • Twitter desires to let customers join their accounts to third-party companies that enable them to ship suggestions in bitcoin, convey authentication for non-fungible tokens on its platform, and has began a crypto group.

Read extra: Twitter to Add Bitcoin Lightning Tips, NFT Authentication