- Microstrategy intends to develop software products and solutions.
- The plans include business infrastructure services and content monetization solutions.
- The firm is attempting to diversify its product line by entering the Bitcoin sector in addition to more traditional software products.
Michael Saylor of Microstrategy made an announcement in a recent Twitter space that the company intends to develop software products and solutions. These will allegedly be driven by the Bitcoin Lightning Network in the year 2023.
According to Saylor, some of the Bitcoin Lightning applications that MicroStrategy hopes to deliver in the future include business infrastructure services and content monetization solutions.
On Wednesday, the executive chairman of the software business talked about the future ambitions of his organization. This, therefore, shines a light on some of the products and services that are presently being developed by the company.
“We want to make it possible for any enterprise to spin up Lighting infrastructure in an afternoon” and onboard thousands of employees or customers, Saylor explained. “We want to plug it into enterprise technology and make it a marketing strategy for any forward-thinking CMO.”
Saylor acknowledged this during his transition from chief executive officer to executive chairman of the board. The Bitcoin division of the firm has been able to concentrate more intently on the means by which it may not only acquire and keep BTC but also contribute to the environment in which it operates.
Microstrategy is looking to expand its offerings beyond conventional software applications and into the Bitcoin market. Because of this, MicroStrategy is able to harness the expertise it already has in order to provide businesses with tools for the Bitcoin and Lightning ecosystem.
In light of these developments, the current price of Bitcoin is $16,565.14, and the 24-hour trading volume stands at $16,329,738,424 according to Coinmarketcap. The total value of the pair’s market cap is 318,812,486,857 dollars. It has a quantity that is now circulating of 19,245,987 BTC coins and a maximum supply of 21,000,000 BTC coins.
Read Also :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
