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Jack Dorsey revealed something that’s really bullish for the crypto space. It has Bitcoin as the main character as you will see from his announcement below.
It’s been reported that Square creating a new company focused on non-custodial, permissionless, and decentralized financial services with a primary focus on Bitcoin.
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
Dorsey made sure to point out the fact that this will be done completely in the open.
How is this different from @SqCrypto? Square doesn’t give direction to @SqCrypto, only funding. They chose to work on LDK, and are doing an incredible job! TBD will be focused on creating a platform business, and will open source our work along the way.
— jack (@jack) July 15, 2021
Needless to say this triggered massive enthusiasm in the comments and we suggest that you check out the complete thread in order to learn all the available details.
Jack Dorsey to build a hardware wallet
Not too long ago, we were revealing that the mainstream adoption of the king coin and the digital assets has been one of the main goals that the crypto industry had, and there have been a lot of moves going on in this direction.
They continue, and this time, Jack Dorsey is a part of the move.
Square to build a hardware wallet and service to make Bitcoin custody more mainstream https://t.co/5mNS1FUieC
— unfolded. (@cryptounfolded) July 9, 2021
Here’s what Dorsey re-posted on his social media account.
We have decided to build a hardware wallet and service to make bitcoin custody more mainstream. We’ll continue to ask and answer questions in the open. This community’s response to our thread about this project has been awesome – encouraging, generous, collaborative, & inspiring. https://t.co/CHf9hAmKnn
— Jesse Dorogusker (@JesseDorogusker) July 8, 2021
Stay tuned for more news.