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.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide