Square Inc considers own Bitcoin mining system
by: Dynasty GI2021-10-19
Twitter CEO, Jack Dorsey, declared that his fintech company, Square Inc, is looking at ways to build an opensource Bitcoin mining system for both individuals and businesses.
Dorsey is one of the most high-profile supporters of cryptos, especially Bitcoin, often developing new ways to use them through Square or Twitter. In a tweet, Dorsey said that the aim is to follow their hardware wallet model and “build in the open in collaboration with the community”. He was referring to one of Square’s Bitcoin-focused projects like an open developer platform and a hardware wallet for the crypto.
"“It is really good to have high profile, global digital players like Jack Dorsey pushing the crypto agenda as much as possible. Twitter announced recently that they are opening up their tipping facility to cryptocurrencies and it is clear Dorsey won’t stop there. He sees what we see at Dynasty, too: that Blockchain technology and cryptos have the power to transform the way we do financial transactions and business in general”, commented the CEO and founder of Dynasty Global Investments AG, Eduardo Carvalho."