More Corporate BTC Adoption Could be Around the Corner!

More Corporate BTC Adoption Could be Around the Corner!

Corporate BTC adoption is ramping up big time. As we discussed in our previous article – BTC on Balance Sheets – 1% of all BTC is currently being held on the balance sheets of publicly traded companies; however, it's possible that we could see even more BTC adoption in the months to come! In this article we will be discussing companies that may be putting BTC on their balance sheets sooner than you think.

Twitter

As we previously discussed in our article BTC on balance sheets , Square is one of the first companies to jump on board with BTC adoption, due to the incredible amount of money they have made from BTC trading customers on their Cash App platform. This has led many to speculate that Jack Dorsey – CEO of Square – may soon be looking to place BTC on the balance sheet of his other platform, Twitter. This speculation was confirmed, when jack Dorsey urged Twitter’s shareholders to “aggressively invest into Bitcoin” in a recent meeting. Dorsey has also mentioned he would like to potentially add Bitcoin’s Lightning Network to the Twitter platform, for the purpose of tipping users. Dorsey also mentioned wanting to implement the Bitcoin Lightning Network into Twitter's decentralized counterpart – BlueSky – for the same purpose. Click on this link, if you would like to learn more about The Lightning Network .

Apple

The next company on our list is Apple. Apple has historically had a less than bullish appreciation for cryptocurrency in the past, although this appears to be changing. As of late May, Apple released a job posting seeking to hire an alternative payment manager with cryptocurrency experience. This job posting even led to a rumor in mid-July, claiming that apple had bought $2.5 billion worth of BTC. Although Apple did not say the available position is entirely based around cryptocurrency, they did mention that cryptocurrency experience was a requirement for the job in question. Apple’s announcement shared a lot of similarities to the announcement released by PayPal shortly before they enabled cryptocurrency functionality. Although this is still all purely speculative, it is not far-fetched to think that many of us are hungry for Apple’s potential participation into the world of cryptocurrency.

PayPal

PayPal is one of the highest companies on the list for BTC adoption potential. It is no secret that PayPal has been incredibly bullish on cryptocurrency within the last year and a half. PayPal has even announced that they will be soon releasing a “super app” crypto wallet that features the deposit and withdraw functionality which PayPal had originally hoped to include in their current cryptocurrency platform. PayPal may even be entering the world of DeFi sooner than later. It is very possible that PayPal may eventually add BTC to their balance sheet, but one thing we know for sure is that PayPal is seriously looking into CBDCs as well. PayPal’s CEO Dan Shulman recently made a statement regarding how easily CBDCs could be distributed with PayPal's digital wallets.

Amazon

The last company on this list is Amazon. Although amazon has not specifically made any announcements about adding BTC to its balance sheet, it is quite possible that they may do so with BTC or some other cryptocurrency in the future. Amazon has been bullish on accepting cryptocurrency as payments for a while, which is only one of the reasons the company may someday add BTC to their balance sheet.

Although it is not common knowledge, Amazon has dug itself deeper into cryptocurrency than most people realize. Amazon Web Services – or AWS – is the company's global cloud-based platform that allows developers to create a multitude of online infrastructure. Amazon literally makes billions of dollars each year from companies renting access to that network instead of designing a similar interface themselves. The blockchain descriptor page for AWS shows that the network currently supports 25% of all Ethereum workloads in the world. Although Amazon may be quiet about it, they are certainly a larger participant in cryptocurrency than they lead on.

In Conclusion

Corporate BTC and general cryptocurrency adoption is only increasing as time progresses. The more adoption of BTC that happens in the future, the higher BTC’s value climbs! It does not need to be said that this is good for all of us. What is good for the goose, is good for the gander!

Killer Whale Crypto.