On February 2, Twitter CEO and co-founder Jack Dorsey announced that the social media platform was adding a Bitcoin emoji to its domain. Now, whenever a user writes the Bitcoin or BTC hashtag, the symbol will appear after it.
Dorsey also urged Unicode Consortium, a non-profit organization that manages character standardization in all modern software products, to follow Twitter’s footsteps in making the emoji a standard across all keyboards.
— jack ??? (@jack) February 2, 2020
Notably, Lightning Labs co-founder Elizabeth Stark joined Jack Dorsey in urging Unicode to adopt the Bitcoin symbol. She added that sources had informed her that Unicode had denied two separate proposals for a Bitcoin emoji.
#bitcoin emoji pls. ?
— elizabeth stark (@starkness) February 2, 2020
The Bitcoin and the crypto community at large have enthusiastically welcomed Twitter’s move and see it as Twitter’s acceptance of the cryptocurrency.
Leaders in the crypto industry have used the hashtag and encouraged their followers to do the same in order to get it trending on the platform. Binance CEO Changpeng Zhao and TRON founder Justin Sun have joined the movement and urged the global crypto community to spread the emoji.
— Justin Sun (@justinsuntron) February 2, 2020
— CZ Binance (@cz_binance) February 2, 2020
In India, WazirX CEO Nischal Shetty has expressed that the emoji denotes the world’s acceptance of the cryptocurrency. He added that India could not afford to sit on the sidelines while the world innovated and made advancements in the field.
As the country eagerly anticipates a ruling in the RBI vs. Crypto hearings to lift the ban on banking institutions from dealing with crypto, India’s crypto enthusiasts hope that the move will encourage the state authorities to consider more crypto-friendly policies.
For all the talk abt Bitcoin being a fad, ponzi, no intrinsic value etc., I just have to say, we should look at what the world is doing with it
Yesterday, Twitter did #Bitcoin
— Nischal (WazirX) ⚡️ (@NischalShetty) February 3, 2020
The global crypto community has long been advocating for the increased adoption of a Bitcoin emoji. An anonymous petition started on Change.org targeted Unicode Consortium and other major platforms like Apple to introduce a Bitcoin emoji.
Members of the crypto community have argued that an emoji could help spread awareness of the world’s largest VC by sparking a widespread conversation on cryptocurrencies and their advantages. Since emojis are easy to use and available across platforms like Twitter, Facebook, Instagram Telegram and Whatsapp, enthusiasts have contended that they could be vital in taking the conversation forward and giving the industry increased legitimacy.
Despite a total market cap of over $261 billion, the crypto community remains a niche one. In order to appeal to the masses, it needs to create much more awareness and subsequently encourage adoption.