Tesla recently invested $ 1.5 billion in bitcoin. And it looks like some companies have decided to follow suit. Twitter CFO Ned Segal said today that the platform is considering various ways to use the cryptocurrency. The companies want to invest a certain amount in the purchase of bitcoins and consider paying their employees in this currency.
Even though buying bitcoin seems profitable to many, its popularization has been relatively slow, mainly due to oversight from the regulatory authorities. US Treasury Secretary Janet Yallen recently announced that cryptocurrency abuse is becoming a growing problem. She has previously also expressed concern about this.
Incidentally, Mastercard today announced plans to allow cardholders to transact with specific cryptocurrencies. “Right now, we are preparing for the future of cryptocurrency and payments, announcing that Mastercard will begin supporting certain cryptocurrencies this year through our network.”