July 31, 2021

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Square To Create New Bitcoin Platform for Financial Services

Square To Create New Bitcoin Platform for Financial Services
Payments services company Square will open a new business focused on creating an “open developer platform” to make it easier to provide non-custodial, decentralized financial services, CEO Jack Dorsey said Thursday in a series of tweets. From a report: The still to-be-named division’s “primary focus” would be bitcoin, he added. The initiative, which will be led by Mike Brock, would feature “open roadmap, open development and open source,” Dorsey tweeted. Brock heads the company’s strategic development group. The new division will differ from Square Crypto in that Square will provide direction as well as funding for its work, Dorsey tweeted. Square Crypto is working on the Lightning Development Kit.

Read more of this story at Slashdot.