Jack Dorsey Advances Bitcoin Integration for Square and Bitkey
- Jack Dorsey confirmed the development of Bitcoin payments for Square and Bitkey.
- Block, Inc., co-founded by Dorsey, holds 8,485 BTC valued at over $700 million.
- Dorsey stated that enabling Bitcoin payments is not “a simple flip of a switch.”
- Block plans to expand its Bitcoin mining operations and self-custody wallet, Bitkey.
- The company will reduce investment in Tidal and wind down its decentralized web project TBD.
Jack Dorsey has confirmed ongoing efforts to integrate Bitcoin payments into Square and Bitkey, with Block holding significant Bitcoin assets worth over $700 million. The company is also focusing on expanding its Bitcoin mining capabilities while scaling back other projects like Tidal and TBD.
Source (2.6)https://cryptobriefing.com/bitcoin-payments-integration-square-bitkey/?rand=59535
