decrypt.co
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.