Jack Dorsey’s TBD startup will focus on building a decentralised cryptocurrency exchange The venture, which is a unit of Mr Dorsey’s payments firm Square, will develop a decentralised exchange that will democratise access to the“We’ve determined TBD’s direction: help us build an open platform to create a decentralised exchange for bitcoin,” Mr Dorsey tweeted.
Mr Brock went on to explain what he viewed as the biggest issues with existing crypto exchanges and custodial services like Coinbase and Cash App. “This is the problem we’re going to solve: make it easy to fund a non-custodial wallet anywhere in the world through a platform to build on- and off-ramps into bitcoin,” he continued.In order for bitcoin to reach its potential as a universal peer-to-peer electronic cash system – as first laid out in Satoshi Nakamoto’s whitepaper – scaling issues need to be resolved.
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