Square to Create Hardware Wallet for Bitcoin
Main page News, Bitcoin, Wallet, Crypto Market

Square, an American financial services and digital payments company, will create its own hardware wallet and service to make bitcoin custody "more mainstream," said Jesse Dorogusker, the Hardware Lead at Square. The company will continue to seek feedback on its product from the cryptocurrency community.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Square has already begun putting together a team to develop the wallet. It will be led by Max Giese, Hardware Security Lead at Square. Dorogusker adds Thomas Templeton, who, like Dorogusker, previously worked at Apple, will also work on the product.

The San Francisco-based company will focus on mobile wallet use and the concept of assisted-self-custody. Square also plans to simplify storage with the "auxiliary self-storage" feature.

Square's Annual BTC Revenue Increases 11x

Square's Chief Executive, Jack Dorsey, first revealed the company's plans on a cryptocurrency wallet in June this year. Dorsey said that the wallet will be open-sourced for both software and hardware design.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error