{"id":46183,"date":"2021-07-16T10:07:59","date_gmt":"2021-07-16T07:07:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46183"},"modified":"2025-09-01T15:03:57","modified_gmt":"2025-09-01T12:03:57","slug":"square-to-launch-bitcoin-focused-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/square-to-launch-bitcoin-focused-platform\/","title":{"rendered":"Square to launch Bitcoin-focused platform"},"content":{"rendered":"<p>Square will launch a business aimed at building an open platform for developers of non-custodial, inclusive, and decentralised financial services, according to Jack Dorsey, head of the payments company.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Square is creating a new business (joining Seller, Cash App, &#038; Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. Its name is TBD.<\/p>\n<p>\u2014 jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1415765941904941061?ref_src=twsrc%5Etfw\">July 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Dorsey, the unnamed unit will focus on Bitcoin.<\/p>\n<p>The initiative will be led by Mike Brock, head of Square&#8217;s strategic initiatives. He has already begun assembling a team and has introduced a number of developers working on the project.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I want to introduce TBD\u2019s amazing founding team! <a href=\"https:\/\/twitter.com\/emilycchiu?ref_src=twsrc%5Etfw\">@emilycchiu<\/a> <a href=\"https:\/\/twitter.com\/HetongLi?ref_src=twsrc%5Etfw\">@HetongLi<\/a> <a href=\"https:\/\/twitter.com\/feather_flyer?ref_src=twsrc%5Etfw\">@feather_flyer<\/a> and Rebecca (Becca) Corcillo! <a href=\"https:\/\/t.co\/KEpzHkvNkg\">https:\/\/t.co\/KEpzHkvNkg<\/a><\/p>\n<p>\u2014 Mike Brock (@brockm) <a href=\"https:\/\/twitter.com\/brockm\/status\/1415795488763179013?ref_src=twsrc%5Etfw\">July 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dorsey noted that the platform intends to adhere to the principle of &#8216;full openness&#8217; \u2014 including the roadmap, development, and source code. Unlike the Square Crypto division, which makes its own decisions, the new business unit will be led directly by the payments company.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Like our new <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> hardware wallet, we\u2019re going to do this completely in the open. Open roadmap, open development, and open source. <a href=\"https:\/\/twitter.com\/brockm?ref_src=twsrc%5Etfw\">@brockm<\/a> is leading and building this team, and we have some ideas around the initial platform primitives we want to build.<\/p>\n<p>\u2014 jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1415765943385563139?ref_src=twsrc%5Etfw\">July 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head of Square also said that the company would create separate Twitter and GitHub pages for the project.<\/p>\n<p>In turn, Brock emphasised that &#8216;technology has always been a story of decentralisation&#8217;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u041e\u0442 \u043f\u0435\u0447\u0430\u0442\u043d\u043e\u0433\u043e \u0441\u0442\u0430\u043d\u043a\u0430 \u0434\u043e \u0438\u043d\u0442\u0435\u0440\u043d\u0435\u0442\u0430 \u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u2014\u00a0\u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0438\u044f \u0441\u043f\u043e\u0441\u043e\u0431\u043d\u0430 \u0440\u0430\u0441\u043f\u0440\u0435\u0434\u0435\u043b\u044f\u0442\u044c \u0432\u043b\u0430\u0441\u0442\u044c \u0441\u0440\u0435\u0434\u0438 \u043c\u0430\u0441\u0441 \u0438 \u0440\u0430\u0441\u043a\u0440\u044b\u0432\u0430\u0442\u044c \u0447\u0435\u043b\u043e\u0432\u0435\u0447\u0435\u0441\u043a\u0438\u0439 \u043f\u043e\u0442\u0435\u043d\u0446\u0438\u0430\u043b \u0432\u043e \u0431\u043b\u0430\u0433\u043e, \u0438 \u044f \u0443\u0431\u0435\u0436\u0434\u0435\u043d, \u0447\u0442\u043e \u044d\u0442\u043e \u0441\u043b\u0435\u0434\u0443\u044e\u0449\u0438\u0439 \u0448\u0430\u0433\u00bb, \u2014\u00a0\u043d\u0430\u043f\u0438\u0441\u0430\u043b \u043e\u043d.<\/p>\n<\/blockquote>\n<p>Brock added that in the &#8216;coming days and weeks&#8217; Square will provide further details about its project. The company is exploring various ways to &#8216;involve the community in planning&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">As <a href=\"https:\/\/twitter.com\/jack?ref_src=twsrc%5Etfw\">@jack<\/a> said, we\u2019re going to be biasing towards being open and transparent. So we\u2019ll be sharing a lot more about our plans in the coming days and weeks. We\u2019re also going to be thinking of ways to include the community in our planning. So stay tuned!<\/p>\n<p>\u2014 Mike Brock (@brockm) <a href=\"https:\/\/twitter.com\/brockm\/status\/1415795491879624705?ref_src=twsrc%5Etfw\">July 15, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier Square announced that <a href=\"https:\/\/u1f987.com\/en\/news\/square-confirms-plans-to-develop-a-hardware-bitcoin-wallet\">will create a hardware wallet and a service for storing bitcoin<\/a>. The development team is led by Max Giz, the head of the company\u2019s device security division.<\/p>\n<p>In Q1 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/square-earns-3-51-billion-from-bitcoin-sales-via-cash-app-in-q1-2021\">Bitcoin sales via the Cash App<\/a> brought Square $3.51 billion.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square will launch a business aimed at building an open platform for developers of non-custodial, inclusive, and decentralised financial services. According to Jack Dorsey, head of the payments company.<\/p>\n","protected":false},"author":1,"featured_media":46184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1330,1534],"class_list":["post-46183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-jack-dorsey","tag-square"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46183"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46183\/revisions"}],"predecessor-version":[{"id":46185,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46183\/revisions\/46185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46184"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}