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OTCbid - Jack Dorsey says Square will launch bitcoin DeFi platform



" Jack Dorsey announces plan for developer platform focused on bitcoin financial services

Jack Dorsey, CEO of Square, said Thursday that the payments services business is working to create "an open developer platform" focused on bitcoin-tied financial services.


" Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD. "

The venture is the latest bitcoin-focused project spearheaded by Dorsey. In recent months, Dorsey has outlined plans for developing an open-source hardware wallet, and bitcoin has played an increasingly significant role in Square's financial footprint via its Cash App, as detailed in recent earnings disclosures.

The new initiative is being led by Mike Brock, who currently serves as Strategic Development Lead for Cash App. " - Read Full Article


Source: TheBlockCrypto





100K-500K BTC SELLER IN LONDON

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-7% Gross, -4% Net, B2B, Ledger2Ledger, HSBC UK, London

Buyer Mandate Only - OTCbid.com



NEW: 10K-500K BTC @ -7% gross, -4% net, B2B, Ledger2Ledger, HSBC UK, London - Look For Buyer

(Seller : US PR-Tele)

Post: 16.7.21

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  • A seller is selling 10K-500K @ -7% gross, -4% net

  • Buyer = 4%

  • Buyerside = 1.5% (open)

  • Sellerside = 1.5% (closed)​​

  • -7% / -4% the discount will be agree according to the tranches size

  • Seller use Dubai Islamic Bank, HSBC London

  • JP Morgan Chase bank USA. HSBC Hong Kong

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  • ​PROCEDURE:

  1. Seller sends a draft SPA. Within 24 hours, Buyer will complete the SPA with buyer´s required details, SIGN and return the SPA to the Seller along with RWA signed by two bank officers.

  2. Within 24 hours, Seller will fill out all required details, SIGN and send back the SIGNED SPA in PDF format.

  3. Proof of funds (POF): The Bank of the buyer issues SWIFT MT799 POF to the Bank of Seller, or Buyer’s bank officer confirms to Seller’s bank officer Buyer’s readiness and ability to transact on this SPA.

  4. Proof of coins (POC): Buyer is to select one of the below options: The seller will show the readiness to proceed for the first tranche by sending a Satoshi test from his wallet to buyer´s wallet.

  5. Buyer’s bank makes payment LEDGER TO LEDGER HSBC UK, LONDON for the current tranche. Scheduled tranches (see Annex A).

  6. After receiving and confirmation of the LEDGER TO LEDGER HSBC UK, LONDON notification at seller‘s bank, the seller transfers Bitcoins to the buyer’s wallets for the said amount stated in the LEDGER TO LEDGER HSBC UK, LONDON through BLOCKCHAIN at the rate of the day -4% net discount. The transfer of BTC must be realized within 24 hours after receipt of Swift notification. The commission must be paid by seller to the agents under the TM-756-BTC-2021-6””, which is included in this agreement.

  7. For additional tranches steps 4 – 6 will be repeated until the total volume is settled.

  8. Upon completion of the transaction, both parties sign the affidavit of successful settlement.

BUYER MANDATE ONLY

Interested parties should contact :

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  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com

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