Twitter Inc has thought about whether to hold bitcoin on its balance sheet, but has not made any changes yet, the social media platform's chief financial officer, Ned Segal, told CNBC on Wednesday. In an interview with CNBC, Segal said Twitter had considered how it might pay vendors or employees using bitcoin, should they ask to transact using the virtual currency. Also Read | Inside the Mindtree makeover strategy"We might consider whether we would be transferring dollars to bitcoin at the time of the transaction or if we wanted bitcoin on our balance sheet ready to complete that transaction," Segal said. If there's strong customer demand for it in the future, there's nothing that precludes us from doing that." But unlike Musk, Barra said "We don't have any plans to invest in bitcoin.

Source: Mint February 11, 2021 04:36 UTC