Square
is
also
focusing
more
on
its
self-custody
wallet,
Bitkey,
which
the
company
started
shipping
in
March.
At
the
time,
the
company
said
that
Bitkey
will
not
only
provide
standard
wallet
functionality,
but
also
connect
to
Block’s
payments
platform
Cash
App
and
crypto
exchange
Coinbase
(COIN)
to
allow
buying
and
selling
BTC.
TBD
was
started
by
Block
in
June
2022
to
create
Web5
(not
to
be
confused
with
the
better-known
notion
of
Web3)
as
“a
group
of
technologies
that
enhance
the
Web
with
decentralized
identity,
personal
data
storage
and
verifiable
data
exchange
capabilities.”
Meanwhile,
the
company
bought
Tidal,
a
music
and
entertainment
platform,
in
2021
for
nearly
$300
million.