This article is an on-site version of our #techFT newsletter. Sign up here to get the complete newsletter sent straight to your inbox every weekday
Twitter inventor Jack Dorsey, whose social media service gave everyone the ability to be a broadcaster, is now set on disintermediating the crypto world.
As a bitcoin fan and chief executive of mobile payment provider Square, Dorsey tweeted on Thursday that it was creating a new business “building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.”
Knowing Dorsey, I’m not sure if TBD will indeed be its real name or if that’s To Be Determined. “We’re going to do this completely in the open. Open roadmap, open development, and open source,” he said.
Hannah Murphy in San Francisco reports this is one of the first big projects of its kind in the nascent market of decentralised finance, or DeFi, where cryptocurrency projects are trying to build an interlocking financial…