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Jack Dorsey Announces Bitcoin-Focused Development Platform

decrypt.co 15 July 2021 21:42, UTC
Reading time: ~1 m

Twitter and Square CEO Jack Dorsey has announced plans for a new crypto development platform.

In a tweet, Dorsey wrote that the new service will be a subset of Square, and will facilitate "non-custodial, permissionless, and decentralized financial services" with a focus on Bitcoin.

Dorsey is a longtime proponent of blockchain tech—at the Miami Bitcoin conference in early June, Dorsey said that if he weren't working on Square and Twitter, he'd be working full-time on Bitcoin.

He recently confirmed plans for Square to develop a Bitcoin hardware wallet.

Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.

— jack (@jack) July 15, 2021

This is a developing story and will be updated.

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