- Jack Dorsey said Square is starting a new bitcoin-inspired business.
- It will be aimed at developers who create financial services products, he said.
- Dorsey said her name was TBD but did not say if it was the real name.
- See more stories on the Insider business page.
Square is building a new business to help bitcoin developers build financial services products, CEO Jack Dorsey said Thursday.
Dorsey, who is also CEO of Twitter, said the new company was called TBD, although he did not say if that meant he was still thinking of a name.
-jack (@jack) July 15, 2021
Square executives said in June that the company was plans to create a cryptocurrency hardware wallet and a software service with the aim of making bitcoin “more mainstream”.
A Twitter account for Square’s new business has already been set up.
Mike Brock, who heads Square’s Cash App payment service strategic development group, will be in charge of Square’s new business, Dorsey said.
Insider reached out to Square for more information on TBD.
Square, a San Francisco-based digital payments company, has three other lines of business, including Tidal, Cash App, and Square Seller.