Twitter CEO Jack Dorsey announces creating a P2P 'distributed Bitcoin exchange'

Twitter CEO Jack Dorsey announced on August 28, 2021 that he will establish a 'crypto asset exchange that enables fiat and bitcoin transactions in peer- to-peer (P2P) transactions that do not require intermediation' Did. Dorsey's planned open source platform will be developed by TBD, a Bitcoin specialty division founded by Square, a mobile payment service company for which he is the CEO.

Square Plans to Build a Decentralized Bitcoin Exchange, Says Jack Dorsey --Decrypt
https://decrypt.co/79633/square-decentralized-bitcoin-exchange-jack-dorsey

Tech Titan Jack Dorsey Says He's Building a Decentralized Exchange for Bitcoin | The Daily Hodl
https://dailyhodl.com/2021/08/28/tech-titan-jack-dorsey-says-hes-building-a-decentralized-exchange-for-bitcoin/

In July, Dorsey announced the launch of 'TBD,' which aims to enable permissionless and decentralized financial services through Bitcoin.

Mobile payment service 'Square' announces Bitcoin-focused platform 'TBD' --GIGAZINE

Mike Brock, appointed TBD project leader, said in a Twitter post: 'In the last few weeks, there has been a lot of speculation about what TBD is all about, during which time our team should decide. We have been studying this, and this time we would like to share the final direction. ' 'The direction of TBD has been set. Please help us build an open platform to create a decentralized Bitcoin exchange,' said Dorsey.

We've determined @ TDB54566975's direction: help us build an open platform to create a decentralized exchange for #Bitcoin https://t.co/jHYWHy1qmu

— Jack ⚡️ (@jack) August 27, 2021

As Dorsey said, the 'final direction' mentioned by Brock refers to decentralized exchanges that do not require the intervention of crypto exchanges such as Coinbase and Binance. 'We will make it easy to fund non-custodial wallets anywhere in the world through a platform that is the gateway to Bitcoin,' said Brock. Can be thought of as a decentralized exchange for the fiat currency, the Fiat currency. '

This is the problem we're going to solve: make it easy to fund a non-custodial wallet anywhere in the world through a platform to build on- and off-ramps into Bitcoin. You can think about this as a decentralize exchange for fiat ..

— Mike Brock (@brockm) August 27, 2021

Mr. Brock believes that Bitcoin will become the native currency of the Internet. However, Mr. Brock points out that existing cryptocurrency exchanges that convert fiat currencies into crypto assets cannot build a global currency system due to the problem that services are concentrated in specific countries. ..

He added that TBD's vision for the future of cryptocurrency exchanges will be 'This platform will be developed entirely in public, open source and open protocols and will be available in any wallet. TBD will be available on any platform. We also don't manage the governance model. '

As we said, this platform will be entirely developed in public, open-source, open-protocol, and any wallet will be able to use. No foundation or governance model that TBD controls. Permissionless or bust.

— Mike Brock (@brockm) August 27, 2021