Jack Dorsey’s Square Builds Bitcoin Hardware Wallet to Make Crypto Custody More Mainstream – Wallets Bitcoin News

Jack Dorsey’s payment company Square Inc. has confirmed that it is developing a Bitcoin hardware wallet and service with the aim of “making Bitcoin custody more mainstream.”

Squares Bitcoin Hardware Wallet in progress

Square Inc. is building a hardware wallet, Jesse Dorogusker, the company’s hardware lead, announced on Twitter on Thursday. He tweeted:

We decided to build a hardware wallet and service to make Bitcoin custody more mainstream. We will continue to ask and answer open questions.

Square and Twitter CEO Jack Dorsey then confirmed and tweeted: “We’ll do it.”

Jack Dorsey's Square is building bitcoin hardware wallet to make crypto custody more mainstream

Dorogusker stated, “Our next step is to build a small, cross-functional team led by Max Guise (welcome back). We’re going to incubate this complete stack of technology, design, product, manufacturing and supply chain with the hardware team at Thomas Templeton & Square to start with a strong foundation. ”The hardware lead worked out:

We have to reconcile many questions and problems and start with this product direction: Bitcoin first, global sales, multisig, in order to achieve “assisted self-custody” and prioritize mobile use.

Dorsey first talked about his company is considering building a hardware wallet on June 4th.

The CEO of Square and Twitter wrote at the time, “If we did, we’d develop it completely openly, from software to hardware design and in collaboration with the community. We want to get this thinking right: by sharing some of our guiding principles. ”He went on to say:

Bitcoin is there for everyone. It is important to us to develop an integrative product that brings a non-custodial solution to the global market.

What do you think of Square building a Bitcoin hardware wallet? Let us know in the comment section below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

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