Square is building a Decentralized Bitcoin Exchange
Key Points:
Payment giant, Square was cofounded by Twitter cofounder and CEO Jack Dorsey
Dorsey announced TBD last month, a “Bitcoin-centric division”, which has been revealed to be tasked with building an open platform to create this decentralized exchange (DEX)
Square owns Cash App which was quick to integrate a way to allow users to buy and sell Bitcoin on the app
We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for #Bitcoin https://t.co/jHYWHy1qmu
— jack⚡️ (@jack) August 27, 2021