Twitter CEO Jack Dorsey Participates in Bitcoin’s “Lightning Torch”

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Twitter CEO Jack Dorsey is the latest to join the Bitcoin’s “lightning torch,” an ongoing payment experiment, on Tuesday.

Users have been passing around a “lightning torch” on Twitter in order to spread awareness of the technology. In order to join, each participant adds a little bitcoin to a payment, then passes it to someone on Twitter. Because payments are fast and scalable, this is broadly seen as the future of bitcoin payments.

After Dorsey’s participation, the payment has now reached around 2,860,000 satoshis or around $100. As of the moment, there are around 150 people who have participated in what has become a worldwide game.

Matt Odell, a crypto podcast host, was the one pushing Dorsey to participate, saying “You ready to carry the torch? Send me an invoice for 2,860,000 sats.”

To everyone’s surprise, Dorsey answered on Twitter the next day, posting an invoice, which is like the normal invoice used to request and retrieve a particular amount of funds. Odell then sent the required funds to Dorsey, and Dorsey tweeted afterward:

“Cool example of #BitcoinTwitter experimenting on the lightning network.”

Dorsey didn’t hold on to the torch for long as he soon passed it to Elizabeth Stark, the CEO of Lightning Labs. The point of the game is to keep the torch alive and strong by passing it around.

Dorsey is also the CEO of the payment app Square. Dorsey is an investor in Lightning Labs and expressed positive views regarding the technology in the past. Dorsey revealed that he only has bitcoin in possession, responding to a user after his initial tweet on Tuesday.

“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he added.