Square to build open-developer platform with bitcoin focus

Square Inc. plans to deepen its involvement in the world of bitcoin with a new business area, according to Chief Executive Jack Dorsey. Square will be adding a business that's "focused on building an open-developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services," he announced in a Thursday afternoon tweet. The main focus of the business will be bitcoin , he added. Square has invested in bitcoin and Dorsey has talked about other ways the company would get involved, including sharing that Square would build a hardware wallet. Square shares are up 0.7% in after-hours trading Thursday.

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