Twitter CEO Jack Dorsey Joins Lightning Torch Bitcoin Marathon
Jack Dorsey, the co-founder of Twitter and founder of Square who currently serves as the CEO of both, may be looking to launch a Bitcoin payment integration on Twitter.
As CoinDesk reported today, users have been passing around a so-called “lightning torch” – a running game wherein each participant adds a little bitcoin to a payment, then passes it onto someone on Twitter that they trust – in order to spread awareness of the technology, widely seen as the future of bitcoin payments since payments are fast and scalable.
In a tweet February 6, Dorsey confirmed his participation in the Lightning Network’s Torch initiative, a relay transaction started by a community member last month.
Regular commentator Matt Odell invited Dorsey to send him an invoice via Lightning, which in turn would net him the transaction. Dorsey obliged, leading to a flurry of excited tweets from well-known figures.
Traditionally, marathon participants announce their ownership over Twitter to seek out the next recipient. Hopeful torch bearers respond to the tweets with a lightning network invoice, and after choosing a user to trust, the current holder adds a discretionary amount to the payment’s sum and sends it to the next holder.