Jack Dorsey’s tweet late Thursday announcing a new business unit at
dedicated to developing a decentralized finance platform set off a flurry of reactions from crypto junkies and mainstream consumers alike. Many wonder what this means for Square’s (ticker: SQ) business going forward. One analyst regards move as having potential for expanding decentralized finance to the general public.
While Dorsey’s tweet was vague regarding financial details, BTIG analyst Mark Palmer wrote in a note that he’s optimistic