Microsoft Doesn’t Intend On Buying BTC Right Now Brad Smith Says

Brad Smith, the president at software giant says that Microsoft doesn’t intend on buying BTC right now despite the recent purchases made by Tesla and Microstrategy so let’s read more in today’s BTC news.

While many CFOs think about the idea of putting BTC in their company’s balance sheets after Tesla’s purchase, Microsoft doesn’t intend on doing so as president Brad Smith refuted assumptions that the company is joining the growing trend soon. All eyes are on BTC today after Tesla filed documents with the US Securities and Exchange Commission where it shows there is $1.5 billion in the main cryptocurrency allocated. This was not the first major company entering the BTC space as it drew major attention lately mainly because of its CEO Elon Musk.

Tesla’s purchase pushed all traditional media outlets to start asking around other executives about their plans about investing in cryptocurrency. However, it seems that Microsoft is not one of the companies that will soon invest as President Brad Smith said on CNN that he hasn’t really heard any new conversation on BTC within the company. He promised that If the company changes its stance on turning the excess cash into BTC, he will make it publicly known.

The tech giant has already a compelling history with the benchmark cryptocurrency but he doesn’t plan on adding it to the balance sheet yet but it did actually enable the users to use it as a payment method for some of its products back in 2014.
buy super kamagra online pavg.net/wp-content/themes/twentytwentyone/inc/en/super-kamagra.html no prescription

Microsoft was one of the biggest companies to do so which opened the doors for others like Overstock and Newegg but the company wasn’t done with BTC involvement just yet.

As reported earlier, the company launched a beta version of its open-source decentralized identifiers on the Bitcoin mainnet and they are described as the technical component that makes decentralized identity possible which is called ION works on the Layer 2 network solution on the blockchain. There were some adverse memories as well as a former employee used accounts and passwords and stole more than $10 million in BTC by employing BTC mixers to hide the traces. He was ultimately caught and received a sentence of nine years in jail.