Square, Twitter and Substack are great pioneers in Bitcoin payment solutions

Social media giant Twitter and independent online publisher Substack have officially integrated Bitcoin tip and payment services through third-party partnerships with Strike and OpenNode, respectively.

Last month, social media giant Twitter and independent online publisher Substack officially built-in bitcoin tip and payment services through third-party partnerships with Strike and OpenNode, respectively.

The platforms, serving 350 million monthly active users combined, have both chosen to offer API solutions optimized for Bitcoin and Lightning.

The Bitcoin integrations of Twitter and Substack were announced and delivered just as El Salvador became the first country to become Bitcoin legal. Many merchants in this country now accept payment for goods and services in Bitcoin. From a game theory perspective, this nation has the first player advantage.

It is important to note that after El Salvador made Bitcoin legal tender, the game theory prisoner’s dilemma of national adoption of Bitcoin was initiated into global geopolitics. Famous whistleblower Edward Snowden pointed out that Bitcoin favors those who adopt it early, putting pressure on other nations, who will be penalized for falling behind.

The same model is valid at all scales. Substack and Twitter have chosen to remain competitive by adopting Bitcoin payment solutions. Although it’s still not clear why they haven’t added Bitcoin to their balance sheets yet. The delay is likely due to bureaucratic logistics, rather than an express preference to not hold any Bitcoin.

Either way, the first major social media platform is likely to be buying Bitcoin soon to keep it in reserve. Bitcoin payment solutions from Square, Twitter and Substack give them a leading edge in this space. They have indicated an understanding of Bitcoin and clearly value it as a technology.

Over time, as these companies add Bitcoin to their balance sheets, generate huge fiat-denominated profits, and implement transparent, instant and commission-free cross-border payment solutions with lightning-fast integrations, this will spark responses under the form of Bitcoin products. and payment solutions from mega-businesses around the world, such as Apple, Microsoft, Google, Amazon and Facebook. (It should be noted that Bitcoin is rapidly encroaching on the market caps of all of these companies.)

The scarcity of Bitcoin terminals rewards early adopters, but punishes latecomers. Businesses, nations and individuals at all levels would do well to start accumulating Bitcoin on any scale possible, because if Bitcoin’s price appreciation history is true, it will only become more expensive at as demand increases and supply deflates. The longer an entity waits to accumulate, the higher the fixed price at which it gets priced, the more it has failed to accumulate Bitcoin which 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 each MicroStrategy Bitcoin owns one that they probably never will. Bitcoin gambling latecomers will not be able to afford to gamble. They will be completely underfunded and priced out of their respective market, losing market share to the new entrants who have embraced the world’s strongest money, energy and property.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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About Matthew R. Dailey

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