A new initiative from Jack Dorsey will be a full business unit inside the company.This episode is sponsored by NYDIG.Today on the Brief:The mixed state of the U.S. government on cryptoChina’s e-CNY will have native smart contractsSaquon Barkley to take endorsement money in BTCOur main discussion:Square has announced a new initiative, titled “TBD,” that CEO Jack Dorsey describes as “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless and decentralized financial services.” Dorsey intends the platform to be developed completely transparently: “open road map, open development and open source.”In this episode, NLW puts the new initiative in the context of Square’s long-term relationship with Bitcoin, explains why it’s different from the company’s Square Crypto efforts and analyzes how different parts of the community are reacting to the news.-NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin.
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