Bitcoin DeFi is Twitter CEO Jack Dorsey’s New Goal

After announcing that payments company Square is working on a Bitcoin hardware wallet, Twitter CEO Jack Dorsey is now set to create a new business line that will help developers build financial services products on Bitcoin.

In a series of tweets on Thursday, Dorsey said, Square is “building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.”

The business whose primary focus is Bitcoin doesn’t have a name yet, or it’s ‘TBD,’ about which people are really concerned as to what it means.

Dorsey’s San Francisco-based digital payments company has three business lines: Cash App, which allows buying and selling Bitcoin, Square Seller products, and Tidal, a music-streaming service acquired by the company earlier this year.

A long proponent of Bitcoin, Dorsey believes Bitcoin can one day become the currency of the Internet. His company, Square, currently has 5% of its holdings in BTC.

“Like our new Bitcoin hardware wallet, we’re going to do this completely in the open,” he tweeted. “Open roadmap, open development, and open source.”

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