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Square plans to build a decentralized bitcoin exchange, says Jack Dorsey

Square’s new TBD division is working on a Bitcoin-centric decentralized exchange. The planned DEX will be open-source and permissionless, yet allow users to fund any wallet using fiat currency.

“We’ve determined [TBD’s] direction: help us build an open platform to create a decentralized exchange for Bitcoin,” Dorsey, also CEO of Twitter, tweeted today.

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defi, bitcoin