Twitter looking into Bitcoin payments for employees, says CFO
"We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin," said Ned Segal. Twitter may be the next major company to purchase Bitcoin, according to the tech firm's chief financial officer.In an interview on CNBC’s Squawk Box today, Ned Segal, who has served as the CFO of Twitter since 2017, responded to questions about how Twitter would react to Tesla’s recent $1.5 billion Bitcoin (BTC) investment this week. Segal said the tech firm was watching other companies closely, and discussed potentially adding the crypto asset to its own....
Related News
Tesla CEO Elon Musk has suggested integrating crypto payments into Twitter. “My goal would be to maximize the usefulness of the service,” he told Twitter’s employees in his first all-hands meeting with them. Twitter’s First All-Hands Meeting With Elon Musk, Integrating Crypto Payments Tesla and Spacex CEO Elon Musk, who may become the new owner of Twitter Inc., had his first all-hands meeting with Twitter’s employees Thursday. Musk answered many questions about how he plans to run the social media company if his bid to buy Twitter is successful. However,....
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Amid Twitter beginning mass layoffs, the company employees are launching a class-action lawsuit against the new Twitter CEO, Elon Musk.According to multiple sources, Musk started massive layoffs at Twitter on Nov. 4, reducing the company’s workforce of 7,500 people. The CEO was speculated to cut as much as 50% of Twitter’s staff, or about 3,500 people, just a few days after acquiring Twitter for $44 billion on Oct. 27.In response to the layoffs, Twitter employees filed a....
An increasing number of employees are opting to receive payments via Bitcoin. According to a Waterloo payroll firm, ten firms have signed up for their salary to be paid in Bitcoin. The CEO of Wagepoint, Shrad Rao, said the firm added the option in November of last year and was not expecting very many people to sign up. Not only have a surprising number of employees signed up for Bitcoin payments, but customers have come to Wagepoint specifically because of their Bitcoin integration. What's interesting is that we've actually had customers come to us because of the (Bitcoin) integration,....
Indian bitcoin exchange Unocoin is ramping up its fervent push for bitcoin adoption in India. A new partnership with San Francisco-based bitcoin payments company Bitwage will see Unocoin integrated into the payments platform, enabling India-based workers, employees and businesses to receive wages from foreign businesses faster and at better rates. “For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India,” claim Bitwage and Unocoin. Bitwage....
Latoken’s Twitter account started publishing accusations of scams and mistreating employees. The Twitter account of the Russian crypto exchange Latoken seems to have been breached by a hacker who started posting allegations that the exchange is a scam. According to the posts, the exchange is promoting “scam IEOs” and misleading its customers. WARNING - THIS IS A SCAM EXCHANGE They are promoting scam IEOs. They are promoting IEOs promising growth of 100% to 500%. They are cheating and lying to founders and employees. They are misleading founders to think they will have successful IEOs while....