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31 July 2021

Square to Create New Bitcoin-Focused Platform for DeFi Services

Square to Create New Bitcoin-Focused Platform for DeFi Services


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Dorsey also added that the project will be focused on Bitcoin and stated that a dedicated Twitter and GitHub account will be created for added information.

Square has continued to expand its activities within the crypto industry since it added bitcoin services to its popular Cash App platform

The announcement added that Square intended to build the wallet to make bitcoin custody more mainstream. Dorsey is a big fan of bitcoin and has suggested that Square will be exploring more services in the crypto industry.  This latest development shows that the company is ready to take a major stake in the blockchain industry. 

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