The Twitter founder has announced the launch of a decentralized exchange

Jack Dorsey has published a White Paper of a project based on the Square payment company

22.11.2021 - 08:30

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What’s new? The Twitter founder Jack Dorsey has published a White Paper of a decentralized bitcoin exchange on his account. The new project will be powered by Square, a payment system also owned by Dorsey.

First draft of white paper is up, and on GitHub: https://t.co/rn35B8gw6D https://t.co/RPZPyhlLin— jack⚡️ (@jack) November 20, 2021

What is known about future exchange? The project, tentatively named tbDEX, will be “a protocol for disclosing liquidity and exchanging assets such as bitcoin, fiat money or real-world goods.” The exchange will take place through trustless, decentralized networks where trading can take place without the permission, participation, or benefit of financial intermediaries.

Jack Dorsey's plan is to create a financial ecosystem of people who currently have no access to banking. The published White Paper is not the final version of the project and will be refined and updated by the team.

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