Jack Dorsey's cryptocurrency financial app Cash App launches Bitcoin reserve proof

According to The Bitcoin Historian, billionaire Jack Dorsey's cryptocurrency financial application platform Cash App officially launched its Bitcoin reserve proof feature this week, verifying that over 60 million users' Bitcoin holdings on its platform are fully backed 1:1.

The market views this move as an important step for the cryptocurrency industry in terms of transparency, user trust, and self-custody standards, and it is also seen as a positive signal for promoting the long-term healthy development of the industry.