Jack Dorsey's Square Sets Out To Build A Decentralized Bitcoin Exchange.
29 Aug 2021, 08:00
Jack Dorsey’s Square Sets Out To Build A Decentralized Bitcoin Exchange
Jack Dorsey, CEO, and founder of Square has announced that the payments company’s recently established department, TBD, will be building a decentralized exchange (DEX) for Bitcoin.
“We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for Bitcoin,” Dorsey said in a recent tweet.
TBD was first announced in July without much clarification when Dorsey stated that Square would be building a new business focused on providing “non-custodial, permissionless, and decentralized financial services” for Bitcoin.