Ex Twitter Co-founder Dorsey Says Signal Should Use Bitcoin for P2P Payments

Jack Dorsey, ex-co-founder of Twitter, now X, recently suggested that Signal, the encrypted communications app, should integrate Bitcoin for peer-to-peer (P2P) payments. Dorsey’s proposal came in response to a comment by Calle, an open-source developer, who advocated for Signal to use Bitcoin due to its secure communication platform.  https://twitter.com/jack/status/1910117042147283350 Dorsey’s tweet called attention to the potential for Signal to embrace Bitcoin, seeing it as an ideal solution for P2P transactions, as it would align with Signal’s goal of maintaining privacy and security in user interactions. Vision for Bitcoin Integration in Signal For context Calle highlighted that Bitcoin would serve as an excellent option for Signal, as the app already provides end-to-end encryption for its messages. Notably, incorporating Bitcoin could make Signal even more useful, particularly for users seeking privacy in financial transactions.  According to Calle, this integration would demonstrate the true potential of digital currencies, as it would present a platform where users could exchange tokens in a secure environment without needing a separate blockchain.  Dorsey supports this view. However, other users began commenting on the Twitter co-founder's remarks amid a flood of mixed opinions.  Signal’s Past Stance on Cryptos Despite the support for Dorsey’s idea, a user reminded the public that Signal had previously expressed a negative stance toward cryptos, particularly Bitcoin. In past statements, Signal’s leadership had criticized Bitcoin and other digital currencies, calling them scams.  The controversy surrounding Signal’s past decisions became even more pronounced when a critic said that the app chose to partner with Mobile Coin in 2021. This move introduced a pre-mined crypto into the app, which was met with failure. Global Bitcoin Adoption Trends  Meanwhile, other global companies continue to explore the adoption of crypto payments, showing that the idea of digital currencies in mainstream commerce is not a passing trend. Ferrari began accepting crypto payments in the United States and later expanded this initiative to Europe. The luxury car brand partnered with BitPay to enable customers to purchase vehicles using cryptocurrencies, including Bitcoin, Ether, and USD Coin. Similarly, Strike, a global payments facilitator, raised $80 million to support the advancement of its payment systems using the Bitcoin Lightning Network. The Lightning Network, designed to enhance Bitcoin’s transaction speed and efficiency, has gained traction among major industry players, including Strike.