Square is Creating a New Bitcoin Business Named "TBD"
Twitter CEO Jack Dorsey’s latest crypto brainchild.
Following the tweet last week confirming Square‘s plans for making a hardware wallet for Bitcoin, Twitter and Square founder Jack Dorsey has announced that Square is planning on creating a new business, joining existing Seller, Cash App, and Tidal products, with the sole goal of making it easy to create “noncustodial, permissionless, and decentralized financial services,” with a focus on Bitcoin.
Details regarding this new platform currently dubbed “TBD” are yet to be revealed, but similar to the new Bitcoin hardware wallet, this project will be completely open-source with Github accounts to be announced soon. TBD has established a Twitter account with a yellow cap with “@TBD54566975” writing as the profile picture and a meme picture of Drake as the cover photo. Jack Dorsey and collaborator Mike Brock promise additional updates soon.
Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.
— jack (@jack) July 15, 2021
Ok we made a twitter: @tbd54566975
— jack (@jack) July 15, 2021
As @jack said, we’re going to be biasing towards being open and transparent. So we’ll be sharing a lot more about our plans in the coming days and weeks. We’re also going to be thinking of ways to include the community in our planning. So stay tuned!
— Mike Brock (@brockm) July 15, 2021
In other tech-related news, Microsoft’s Clippy office assistant is back.
