Square to Launch New Business Focused on Bitcoin

Square (NYSE:SQ) founder and CEO Jack Dorsey revealed a new business line for the company focused on Bitcoin. Dorsey announced the “open developer platform” via his other company Twitter.

Dorsey said the goal is to make it easy to create “non-custodial, permissionless, and decentralized financial services” all open source.

 

Dorsey said that a Twitter account along with a Github location will be set up soon. He said the new business is different from SquareCrypto as Square doesn’t give direction to @SqCrypto, only funding.

Shares in Square jumped slightly in after-hours trading. Crypto Twitter quickly celebrated the news.

 

 

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