Jack Dorsey, CEO of Square, said Thursday that the payments services business is working to create “an open developer platform” focused on bitcoin-tied financial services.
The venture is the latest bitcoin-focused project spearheaded by Dorsey. In recent months, Dorsey has outlined plans for developing an open-source hardware wallet, and bitcoin has played an increasingly significant role in Square’s financial footprint via its Cash App, as detailed in recent earnings disclosures.
The new initiative is being led by Mike Brock, who currently serves as Strategic Development Lead for Cash App.
