Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Square And Twitter Gain First Mover Advantage In Bitcoin Payments

Square And Twitter Gain First Mover Advantage In Bitcoin Payments

Twitter and Substack have now officially integrated Bitcoin tipping and payment services through third-party partnerships with Strike and OpenNode, respectively.

In the past month both social media giant Twitter and independent online publisher Substack have officially integrated Bitcoin tipping and payment services through third-party partnerships: Twitter with Strike and Substack with OpenNode.

The two platforms which service a combined 350 million monthly active users, have both opted to offer Bitcoin and Lightning optimized API solutions.

Twitter and Substack’s Bitcoin integrations were announced and delivered around the same time as El Salvador became the first country to make Bitcoin legal tender. Many merchants in that nation now accept payment for goods and services in Bitcoin. From a game theoretical perspective, that nation has a first-mover advantage.

Importantly, after El Salvador made Bitcoin legal tender, the game-theoretic prisoner’s dilemma of national Bitcoin adoption was initiated in global geopolitics. Famous whistleblower Edward Snowden highlighted that Bitcoin favors those that adopt it early, thereby putting pressure on other nations, which will be penalized for being laggards.

In any case, likely soon the first major social media platform will buy Bitcoin to hold in reserve. Square, Twitter, and Substack’s Bitcoin payment solutions give them a first-mover advantage in that space. They have indicated an understanding of Bitcoin and clearly value it as technology.

Over time, as these companies add Bitcoin to their balance sheets, yield enormous profits denominated in fiat terms, and carry out seamless, instantaneous, commission-less cross-border payment solutions with lightning integrations, it will elicit responses in the form of Bitcoin products and payment solutions from the world’s mega-companies, such as Apple, Microsoft, Google, Amazon, and Facebook.

Bitcoin’s terminal scarcity rewards early adopters. Companies, nations, and individuals at any level would do well to start accumulating Bitcoin on any scale possible, because if Bitcoin’s past price appreciation history holds true, it will only become more expensive as demand rises and supply deflates. The longer an entity waits to accumulate, the higher fiat price they get in at, the more Bitcoin they’ve missed out on accumulating that will remain in the hands of the diligent or those who chose to act first.

It is only a matter of time before companies realize that every Bitcoin MicroStrategy owns is one they probably never will. Late comers to the Bitcoin game will not be able to afford to play. They will be completely out-resourced and priced out of their respective market, losing their market share to the up-and-comers who embraced the soundest money, energy, and property in the world.

Source: Square And Twitter Gain First Mover Advantage In Bitcoin Payments – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
×