Twitter’s Jack Dorsey plans decentralised Bitcoin exchange

by: Dynasty GI2021-08-30
The tech entrepreneur from Twitter and Square, Jack Dorsey, has been spelling out his original plans for a bitcoin exchange. In July, Dorsey said he was developing a project called TBD.
According to Brock, the roadmap is to create a decentralised exchange, where there is no central party acting as custodians or controllers of the funds passing through it. In a recent tweet thread, Brock went on to say: “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. You can think about this as a decentralise[d] exchange for fiat”.
"“We always watch these developments with interest, as crypto champions like Jack Dorsey put their efforts to make digital assets more popular and accessible. It can only be a good thing for businesses like Dynasty bringing the use of Blockchain technology and digital assets to traditional markets like real estate”, commented the co-founder and CEO of Dynasty Global Investments AG, Eduardo Carvalho."
However, Brock also acknowledged that the project has some way to go to meet the challenges in developing the design principles and build the Blockchain-based platform for Dorsey’s TBD project.

Jack Dorsey, the billionaire tech entrepreneur who co-founded Twitter and went on to set up the financial payments business Square, is amongst the most high-profile promoters of cryptocurrencies, especially Bitcoin.


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