Jack Dorsey announces plan for developer platform focused on bitcoin financial services

advertisement

Jack Dorsey, CEO of Square, said Thursday that the payments services business is working to create "an open developer platform" focused on bitcoin-tied financial services.

The venture is the latest bitcoin-focused project spearheaded by Dorsey. In recent months, Dorsey has outlined plans for developing an open-source hardware wallet, and bitcoin has played an increasingly significant role in Square's financial footprint via its Cash App, as detailed in recent earnings disclosures. 

The new initiative is being led by Mike Brock, who currently serves as Strategic Development Lead for Cash App. 

In his tweet thread, Dorsey wrote that "Like our new #Bitcoin hardware wallet, we’re going to do this completely in the open. Open roadmap, open development, and open source."

More information -- including dedicated Twitter and GitHub accounts -- are forthcoming, Dorsey concluded. 

During an event appearance last month, Dorsey reiterated his belief that bitcoin should ultimately become the native currency of the internet, positioning Square's growing use of the tech as part of that goal.

"The only reason Square got into bitcoin was to that end," he said at the time.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More