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Jack Dorsey's crypto financial app Cash App plans to launch proof of Bitcoin reserves
Odaily Planet Daily News reports that according to market sources: billionaire Jack Dorsey’s cryptocurrency financial app platform Cash App officially launched the Bitcoin Reserve Proof feature this week, verifying for over 60 million users that their Bitcoin holdings on the platform are fully backed 1:1. The market believes this move is an important step forward for the crypto industry in terms of transparency, user trust, and self-custody standards, and is also seen as a positive signal to promote the long-term healthy development of the industry. (The Bitcoin Historian)