Many have speculated that Facebook (FB) would announce Bitcoin’s assets in its first quarter earnings report, but this rumor turned out to be false. But after corporations like Tesla (TSLA), Square (SQ) and MicroStrategy (MSTR) bought Bitcoin, many wonder who will be next.
Some corporations are better positioned to offer cryptography-related products and facilities than others, making them more likely as applicants for an investment in Bitcoin. Companies that would possibly be more likely to buy Bitcoin come with payment providers, e-commerce sites and technology. driven companies.
While there has been a lot of enthusiasm around Facebook’s earnings report and its prospect of keeping Bitcoin, there is still a chance that the company will simply do this.
Facebook has spent resources building its own portfolio and cryptocurrency infrastructure, this investment has shown that the company is very interested in virtual assets and payment space.
Facebook also has two board members who are pro-Bitcoin with Peter Thiel and Marc Andreesen, which is not too much.
Facebook’s stable currency, “Diem,” is expected to launch a pilot one day in 2021. As the company slowly enters the crypto scene and settles with its stable currency and virtual wallet systems, it may be more realistic that it keeps Bitcoin on its balance sheet. .
It’s no secret that Twitter founder (TWTR), Jack Dorsey, is a top Bitcoiner. Dorsey has one thing on his Twitter biography: #Bitcoin.
Dorsey also founded the payments company Square. In 2013, Square introduced CashApp, a virtual and equal payment system. CashApp also allows its users to invest in the same way as Robinhood and other apps. In 2018, the app began to allow it. its users to buy, send and get Bitcoin and other cryptocurrencies from the app.
In October, Square announced that it would buy $50 million in Bitcoin, equivalent to 4709 Bitcoins at the time. In February, Twitter’s leading monetary official said the company was contemplating keeping Bitcoin on its balance sheet in an interview with Squawk Box.
“We have a lot of ideas from the beginning about how we can pay workers if they ask to be paid in bitcoin, how we can pay a provider if they ask to be paid in bitcoin, and whether we need to have bitcoin in our balance. “, said Ned Segal, Chief Financial Officer of Twitter.
Given Dorsey’s position on Bitcoin and twitter’s CFO reviews, it would not be to hear an announcement that Twitter bought Bitcoin.
Google (GOOGL) has the prospect of being more concerned about cryptography in general for several reasons. Perhaps the apparent maximum is Google Pay, which results in a position for cryptographic integration.
Currently, users can use the BitPay card to use their cryptocurrencies in Google’s paid app, however, adding the ability for users to buy, buy and spend cryptocurrencies directly on the app turns out to be an apparent selection in a world where cryptography adoption is growing
Sergey Brin, co-founder of Google, also shared a vision of blockchain space. By 2019, the tech billionaire had commented on the promise of the generation and how he and his son had operated Ethereum together.
“I see the long term as taking those kinds of study concepts and making them real,” he said of blockchain. “A year or two ago, my son insisted that we had to have a gaming PC. PC, we have to extract cryptocurrencies, so we have an ethereum miner there and we’ve been getting a few cents and a few dollars since then.
As for his experience, Brin said, “I was really interested in him and I started reading it as a generation and found it fascinating. “
Google would probably upload cryptocurrencies to Google Pay long before it put Bitcoin on its balance sheet, but it doesn’t seem unrealistic for Google to ever own Bitcoin.
If Amazon (AMZN) were transferred to cryptocurrencies, it would generate massive waves in the cryptocurrency industry and help further legitimize virtual assets. Amazon accepting Bitcoin or other cryptographic assets would mean that Americans would fulfill their daily wishes only with cryptocurrencies.
In February of this year, Amazon announced that Jeff Bezos would leave the position of CEO to be replaced through Andy Jassy. Prior to becoming CEO of Amazon, Jassy ran Amazon Web Services. Under his leadership, AWS introduced Amazon Managed Blockchain, which allowed developers to rely on Hyperledger or Ethereum without their own hardware.
He also revealed in February that Amazon had a number of task assignments that seemed to involve some kind of virtual currency allocation for a new department called Digital and Emerging Payments.
One of the publications said: “We are looking for a leader to help us launch a new paid product starting with Mexico as the initial launch country. This product will allow consumers to convert their cash into virtual currency, allowing consumers to enjoy online. acquisition of goods and/or as Prime Video. »
Jassy’s delight with blockchain can allow him to be more open to liquidating company encrypted invoices. in the future.
In early February, Mastercard (MA) made a massive announcement when it announced that it would soon begin supporting cryptocurrencies on its network.
“Lately we are preparing for the long term of cryptocurrencies and payments, stating that this year Mastercard will start securing cryptocurrencies directly on our network. This is a great replacement that will require a lot of work,” the corporation said in its press. launch. .
The company went on to say that its resolution is primarily a matter of choice.
“Our philosophy on cryptocurrencies is simple: it’s a matter of choice. Mastercard is not here to introduce you to the cryptocurrencies to begin with. But we’re here to allow customers, merchants and businesses to move the virtual, classic or cryptographic price as they wish. desire, be it your choice, it’s your money. “
Mastercard is also running with Gemini Exchange to offer a credit card with cryptographic rewards. Mastercard’s position and developing activity in the cryptography industry place it in a position to be a player, which can lead to a more open position on Bitcoin’s property.
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