Jack Dorsey’s crypto finance app Cash App plans to launch bitcoin proof of reserves

Odaily reported, according to market sources: Billionaire Jack Dorsey’s crypto finance app platform, Cash App, officially launched the Bitcoin proof-of-reserves feature this week, allowing more than 60 million users to verify that Bitcoin holdings on its platform are fully supported by reserves at a 1:1 ratio. The market views this as an important step toward transparency, user trust, and self-custody standards in the crypto industry, and it is also regarded as a positive signal for promoting the long-term healthy development of the sector. (The Bitcoin Historian)