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Author: Admin | 2025-04-28
Aim is to build DeFi apps, such as a decentralized exchange, for Bitcoin.The Spiral initiative, originally called Square Crypto, was launched in 2019 with the stated goal to "improve the Bitcoin ecosystem by contributing to free and open-source projects." Projects like the Lightning Development Kit and the Bitcoin Development Kit are trying to improve Bitcoin's user experience, which can be intimidating and a serious roadblock to mass adoption. Dorsey has said he believes that Bitcoin has the potential to change the world, and he views the cryptocurrency as the most important thing to work on during his lifetime. The development of new ventures like TBD and Spiral, as well as increased Bitcoin functionality for Block's customer base of merchants and individuals, will help lay the foundation for greater innovation in the years ahead. This potential for major breakthroughs is what makes the stock attractive for long-term investors. It's probably not a stretch to say that Bitcoin is quite literally the future of Block. For shareholders in this thriving fintech business, accepting this fact is critical to understanding the stock and where it's headed. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Patel owns Bitcoin, Block, Inc., Ethereum, and Meta Platforms, Inc. The Motley Fool owns and recommends Bitcoin, Block, Inc., Ethereum, Meta Platforms, Inc., and PayPal Holdings. The Motley Fool recommends the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool has a disclosure policy.
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