Square to build open-developer platform with bitcoin focus

    0
    156

    Square Inc. SQ, -1.61% 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. The main focus of the business will be bitcoin BTCUSD, -0.15%, he added. Square has invested in bitcoin and Dorsey has talked about other ways the company would get involved, including sharing that Square would build a hardware wallet. Square shares are up 0.7% in after-hours trading Thursday.

    This article was originally published by Marketwatch.com. Read the original article here.

    Previous articleThe Wall Street Journal: Robinhood, others upend lock-up rules for early IPO trading
    Next articleDow ekes out gain as stocks finish mostly lower

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here