- Block, formerly known as Square, the company led by Twitter’s co-founder Jack Dorsey, has announced plans to expand its Bitcoin services.
- The company has revealed a blueprint for its Bitcoin ambitions, indicating a strong commitment to the cryptocurrency.
- “We’re going to focus on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services,” Dorsey said in a tweet.
Twitter co-founder Jack Dorsey’s company, Block, unveils plans to expand its Bitcoin services, revealing a blueprint for its commitment to the cryptocurrency.
Block’s Expansion into Bitcoin Services
Block, the company formerly known as Square and led by Twitter co-founder Jack Dorsey, has announced plans to expand its Bitcoin services. The company has been a long-time supporter of the cryptocurrency, and this move signals a further commitment to Bitcoin. The expansion will see the company focus on building an open developer platform to facilitate the creation of non-custodial, permissionless, and decentralized financial services.
Revealing the Bitcoin Blueprint
The company has also revealed a blueprint for its Bitcoin ambitions. This blueprint outlines the company’s plans to build a platform that makes it easy for developers to create decentralized financial services. The platform will be non-custodial, meaning it will not hold users’ funds, and permissionless, meaning anyone can use it. This is a significant move in the cryptocurrency industry, as it indicates a strong commitment to the principles of decentralization and financial sovereignty.
Dorsey’s Commitment to Bitcoin
Jack Dorsey has been a vocal supporter of Bitcoin for some time. He has previously stated that he believes Bitcoin has the potential to become the native currency of the internet. This latest move by Block is in line with Dorsey’s vision for Bitcoin and its potential to revolutionize the financial industry. The company’s commitment to creating an open platform for developers is a significant step towards realizing this vision.
Conclusion
In conclusion, Block’s announcement to expand its Bitcoin services and the unveiling of its Bitcoin blueprint are significant developments in the cryptocurrency industry. They signal a strong commitment to Bitcoin and the principles of decentralization and financial sovereignty. With Jack Dorsey at the helm, the company is well-positioned to drive innovation in this space and contribute to the broader adoption of Bitcoin.
