Twitter founder Jack Dorsey’s FinTech business Square is making a foray into decentralised finance (DeFi).
Square will create a new standalone business focused on DeFi.
It will build a platform for developers to build DeFi projects.
These will focus on Bitcoin.
What does this mean?
Jack Dorsey announced the move in a tweet, but the new business, called TBD, will be led by Mike Brock who was previously a strategic development lead focusing on cryptocurrency.