Jack Dorsey's Cash App launches Bitcoin proof-of-reserves feature.

CoinFeed reported on May 3rd that Cash App, the cryptocurrency platform owned by billionaire Jack Dorsey, has officially launched a Bitcoin proof-of-reserve feature, available to over 60 million users. This feature allows users to independently verify that their Bitcoin holdings are fully backed 1:1, ensuring the authenticity and controllability of their assets. Market observers consider this a crucial step for the cryptocurrency industry in terms of transparency, user trust, and self-custody standards, laying an important foundation for the industry's long-term healthy development.