Payment company Square, owned by Twitter founder Jack Dorsey, has begun to form a development team to create a hardware wallet for Bitcoin.
According to records on Twitter from Square Hardware Lead Jesse Dorogusker, “The company has begun to assemble a team to implement the project.” He wrote:
“We decided to create a hardware wallet and service to make storing BTC more affordable. We will continue to engage in dialogue with the community. The community response to our project has been overwhelming – encouraging and inspiring. ”
Square CEO Jack Dorsey confirmed this statement is commented on Twitter: “We are doing this.” Dorogusker noted that the product is at an early stage of development. He added that Square wants to provide support for mobile services to a global audience.
“We have many questions and problems that need to be solved. We will start working on the following strategy: bitcoin first of all, global distribution, multisignature to achieve ‘self-storage’ and priority to mobile use, ”wrote Dorogusker.
In early June, Jack Dorsey revealed that his payment company is considering developing a hardware wallet for Bitcoin.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
