Square Will Make Hardware Wallet for Bitcoin
Jack Dorsey, the CEO of Square (financial payments company) and Twitter announced in a tweetstorm that very soon the company will make a hardware wallet for the cryptocurrency, Bitcoin. Dorsey is very avid and enthusiastic about his interest in Bitcoin. His Twitter bio also says “#bitcoin.”
Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.
— jack (@jack) June 4, 2021
Square’s hardware lead, Jesse Dorogusker, confirmed the company’s decision through his Twitter account yesterday, “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream. We’ll continue to ask and answer questions in the open. This community’s response to our thread about this project has been awesome – encouraging, generous, collaborative, & inspiring.”
We have decided to build a hardware wallet and service to make bitcoin custody more mainstream. We’ll continue to ask and answer questions in the open. This community’s response to our thread about this project has been awesome – encouraging, generous, collaborative, & inspiring. https://t.co/CHf9hAmKnn
— Jesse Dorogusker (@JesseDorogusker) July 8, 2021
In October 2013, Square launched Cash App (formerly known as square cash). The purpose of this app was to allow person-to-person cash transfer via app or website. In 2015, the company introduced Square Cash for businesses, enabling businesses and organizations to send and receive cash. Now, Square is expanding this app to allow users to buy and sell bitcoin.
The manufacture of a hardware device for Bitcoin will make the concept of cryptocurrency more acceptable for people. We can expect that in the future, the company will integrate the app with this hardware wallet.
