PAYMENTS
Beyond Bitcoin: Decentralised communication and social innovation While Block represents Dorsey’ s primary business focus, his experimental projects reveal an entrepreneur committed to decentralising digital infrastructure.
In July 2025, he launched Bitchat, a peer-to-peer messaging app operating entirely over Bluetooth mesh networks without requiring internet connections, cellular service or central servers.
Bitchat enables ephemeral, encrypted communication between nearby devices, with phones forming local Bluetooth clusters that pass messages device-to-device, allowing communication beyond standard range even without Wi-Fi or cellular service.
The application reflects Dorsey’ s broader philosophy of creating censorship-resistant communication tools, particularly relevant in scenarios where traditional networks are unavailable or compromised.
“WHAT INSPIRES ME THE MOST IS COMMUNITY- DRIVING BITCOIN. IT REMINDS ME OF THE EARLY INTERNET”
Jack Dorsey,
CEO,
Block
Supporting these experimental efforts, Dorsey invested US $ 10m in‘ andOtherStuff,’ an online collective focused on funding open-source projects that could transform the social media landscape.
The group includes Twitter’ s first employee Evan Henshaw-Plath and other technologists working on decentralised social networking protocols, particularly around Nostr. Market impact and future vision The financial markets have responded positively to Dorsey’ s strategic direction. Block shares rose 7 % following the S & P 500 inclusion announcement, though they remained down 22 % in the first half of 2025 amid concerns over earnings trajectory.
Cash App users generate approximately US $ 110 average revenue per active member compared to Chime’ s US $ 245, representing a significant growth opportunity.
Despite Q1 2025 challenges, including a US $ 93.4m unrealised loss on Bitcoin holdings due to price volatility, Dorsey maintains conviction in his Bitcoincentric strategy.
At the Bitcoin Vegas conference in 2025, Square announced it was rolling out Bitcoin payments for merchants via its POS hardware, marking a major milestone in Bitcoin’ s integration with retail payment systems.
As Block continues expanding its Bitcoin mining operations and Cash App seeks to convert users into full banking customers, Dorsey’ s vision of decentralised financial systems moves closer to mainstream adoption.
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