New update from Jack Dorsey


Jack Dorsey, the CEO of both Twitter and Square, announced a format to create a “new division” tasked with building a platform for cryptocurrency development.

“Dorsey” indicated in his tweet posted yesterday, that the new service will be as a subsection of “Square”, along with the “Tidal”, “Seller” and “Cash” divisions, and will facilitate decentralized monetary services, with a one of a kind center of attention on bitcoin.

Mike Brock, a Square executive, will head up the new division.

Dorsey is acknowledged to be a longtime proponent of blockchain and bitcoin technology.

At the Miami Bitcoin conference in early June, Dorsey informed that if he wasn't working on Twitter and Square, he would be working full time on Bitcoin.

Dorsey these days verified Square's plans to increase a Bitcoin hardware wallet.

Hardware wallets are commonly viewed more impenetrable than hot on line wallets such as Metamask or Rainbow.

Dorsey added:

Our new Bitcoin hardware wallet, we will enhance it definitely in the open.

With an open roadmap, open development, and open source.

Dorsey additionally plans to keep a conference called “The B Word” with the aim of getting extra institutional adoption of Bitcoin.

Among the speakers and attendees at this conference are ARK Fund Manager Cathy Wood and Adam Buck, CEO of Blockstream.

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