BREAKDOWN: Jack Dorsey Is Building a Decentralized Exchange for Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 30 August 2021
⏱️ 14 minutes
🧾️ Download transcript
Summary
Can Square make DeFi on Bitcoin a thing?
This episode is sponsored by NYDIG.
Today on the Brief:
- NFTs have a monster month
- Centre's global network of stablecoins
- The Cuban government to recognize crypto
Our main discussion:
In July, Jack Dorsey, the CEO of Twitter and payments company Square, announced that Square was launching a new division focused on building decentralized infrastructure around Bitcoin. At the end of last week, we got more details about where Square is starting. The TBD division is going to kick off by building a decentralized exchange focused on bitcoin. NLW explores the reaction.
-
NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
-
“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.5 | If your base is caring about the nature of the underlying asset, a global sound monetary system, |
| 0:56.3 | and you have problems with how Ethereum or any other Layer 1 defy chain was created or is governed, |
| 1:01.7 | that doesn't mean you wouldn't want the sort of decentralized financial rails on top of your |
| 1:06.0 | sound money asset in general. It just means that you're not willing to sacrifice the principles |
| 1:10.8 | of that |
| 1:11.3 | asset at the center. Welcome back to The Breakdown with me, NLW. It's a daily podcast on |
| 1:19.7 | macro, Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored |
| 1:26.5 | by Nidig and produced and distributed by CoinDesk. |
| 1:31.5 | What's going on, guys? It is Monday, August 30th, and today we are talking about Jack Dorsey and Squares plans for a decentralized exchange for Bitcoin. |
| 1:41.9 | First up, however, let's do the brief. |
| 1:45.7 | First on the brief today, |
| 1:52.5 | NFTs have had an absolutely monster month. Heading into this month, the previous high of trade volume for NFTs was in March, which saw $315 million. The leading venue for that |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.