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Jack Dorsey's crypto financial app Cash App launches Bitcoin reserve proof
Golden Finance reports that on May 4th, billionaire Jack Dorsey’s cryptocurrency financial app platform Cash App officially launched the Bitcoin Reserve Proof feature this week, verifying that the Bitcoin holdings on its platform are fully backed 1:1 for over 60 million users. 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.