What is square's Bitcoin business?

Digital payments company Square will create a new business focused on the Bitcoin cryptocurrency to help developers design decentralized financial products, CEO Jack Dorsey said in a series of tweets on Thursday.

How much of Square’s portfolio is in Bitcoin?

The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020. “We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s Chief Financial Officer, Amrita Ahuja.

What is square's 'open developer platform'?

Payments services company Square will open a new business focused on creating an "open developer platform" to make it easier to provide non-custodial, decentralized financial services, CEO Jack Dorsey said Thursday in a series of tweets. The still to-be-named division's "primary focus" would be bitcoin, he added.

Will square build a hardware wallet for bitcoin?

Last week, Square announced plans to build a hardware wallet for bitcoin to make self-custody of the cryptocurrency “more mainstream.” Dorsey noted that as with the hardware wallet, development for the new financial services platform would be done completely in the open. ,, and has been updated.