Jack Dorsey saidSquare is creating a newbusiness inspired bybitcoin .- It will be aimed at developers who are building financial services products, he said.
- Dorsey said its name is TBD but didn't clarify if that's the actual name.
Square is building a new business to help bitcoin developers build financial services products, CEO Jack Dorsey said Thursday.
Dorsey, who is also CEO of
-jack (@jack) $4
Square executives said in June that the company was $4 and software service with the intent of making bitcoin "more mainstream."
A $4 for Square's new business has already been set up.
Mike Brock, who leads the Strategic Development Group at Square's payments service Cash App, will be in charge of Square's new business, Dorsey said.
Insider has reached out to Square for more information on TBD.
Square, a digital payments company based in San Francisco, has three other business lines, including Tidal, Cash App, and Square Seller.