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The Square Bitcoin Hardware Wallet is a secure way to store your Bitcoins, with a sleek and compact design that fits easily in your pocket.
It's made with high-quality materials and has a user-friendly interface that makes it easy to navigate.
The wallet is designed to be air-gapped, meaning it's not connected to the internet, which reduces the risk of hacking and other security threats.
This makes it an ideal choice for storing large amounts of Bitcoin, or for those who want an extra layer of security.
Square's Bitcoin Wallet Plans
Square is building a hardware wallet for Bitcoin, a digital payment company that's expanding its services into the crypto world.
The company's hardware lead, Jesse Dorogusker, confirmed on Twitter that Square is processing the new hardware wallet.
Square wants to make bitcoin custody more mainstream with its new wallet, which will be entirely in the open, from software to hardware design, and in collaboration with the community.
For more insights, see: Whats a Hardware Wallet
The wallet will be mobile-friendly and offer "assisted-self-custody", a concept that Square's CEO Jack Dorsey has been advocating for.
Square has invested $50 million in cryptocurrency and is looking to make hires to build the wallet.
The company's goal is to bring a non-custodial solution to the global market, making bitcoin accessible to everyone.
Here are some key features of Square's Bitcoin wallet plans:
- Mobile-friendly design
- Assisted-self-custody
- Entirely open design, from software to hardware
- Collaboration with the community
- Non-custodial solution
Square's Bitcoin wallet will provide users with sole control over their private keys and respective cryptocurrencies, giving them valid proof that the funds belong to them.
Square's Hardware Wallet
Square, a fintech company, is building a hardware wallet for Bitcoin. The wallet will provide users with sole control over their private keys and respective cryptocurrencies.
The wallet is designed to be non-custodial, meaning users can have valid proof that the funds belong to them. This is a departure from custodial wallets, which have another faction controlling the private keys.
Expand your knowledge: I Want an Easy to Ise Non Custodial Bitcoin Wallet
Square's hardware lead, Jesse Dorogusker, confirmed the project on Twitter, stating that the company will bring a mobile-friendly, "assisted-self-custody" wallet to a global audience.
The wallet will be built with the community in mind, with Square seeking input and feedback from users. Dorogusker said the company will "continue to ask and answer questions in the open."
Square has invested $50 million in cryptocurrency and has a history of supporting Bitcoin. The company introduced Bitcoin trading through its cash app in 2018 and formed the new venture Square Crypto to focus on contributing to Bitcoin open-source work.
The hardware wallet will be Square's first cryptocurrency-focused product beyond its cash app. Dorogusker said the company is looking to make hires to build the wallet.
Here are some key features of Square's hardware wallet:
- Non-custodial, giving users sole control over their private keys
- Mobile-friendly, with a focus on assisted-self-custody
- Will be built with the community in mind, with input and feedback sought from users
- Will be Square's first cryptocurrency-focused product beyond its cash app
Square's CEO, Jack Dorsey, has been a long-time advocate for Bitcoin and has predicted that it will become the world's "single currency."
Frequently Asked Questions
How much does Bitkey cost?
The Bitkey wallet costs $150 and can be purchased with a credit or debit card.
How do I get bitcoin hardware wallet?
To get a bitcoin hardware wallet, purchase it directly from the manufacturer or at stores like Best Buy and Walmart. Once you have your wallet, follow the setup instructions to start securely storing your cryptocurrency.
Sources
- https://btctimes.com/square-seeks-community-input-on-bitcoin-hardware-wallet/
- https://techcrunch.com/2023/12/07/block-releases-bitkey-hardware-wallet-to-95-countries-kinda/
- https://blockworks.co/news/jack-dorsey-confirms-square-will-make-bitcoin-hardware-wallet
- https://www.theverge.com/2022/4/6/23013420/jack-dorsey-block-hardware-crypto-wallet-bitcoin-rock-preview
- https://bankquality.com/blog/squares-hardware-wallet-to-store-bitcoins-/
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