Square is Creating a New Bitcoin Business Named "TBD"

Twitter CEO Jack Dorsey’s latest crypto brainchild.

Tech
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Following the tweet last week confirming Square‘s plans for making a hardware wallet for BitcoinTwitter 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.

In other tech-related news, Microsoft’s Clippy office assistant is back.

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