Square to build open-developer platform with bitcoin focus
Dow Jones2021-07-16
Square Inc. $(SQ)$ plans to deepen its involvement in the world of bitcoin with a new business area, according to Chief Executive Jack Dorsey.
Square will be adding a business that's "focused on building an open-developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services," he announced in a Thursday afternoon tweet . Square shares are up 0.7% in after-hours trading Thursday.
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