Square Begins the Development of BTC Hardware Wallet

by in Cryptocurrency News

Square Bitcoin hardware wallet

Financial services company Square restated the plans of launching its BTC hardware wallet.

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The director of hardware engineering at the firm, Jesse Dorogusker posted a series of tweets on July 8. He wrote the Square team intends to develop a hardware wallet to expand BTC adoption. People can ask questions about the incentive and get answers in open.

The first time Square CEO Jack Dorsey mentioned the possibility of building a crypto wallet was in June. He said the project will be based on the partnership with the community and will use a non-custodial solution.

Hardware wallets keep the user’s private keys on USB or other hardware devices. They are considered to be more protected despite making all transactions online. Jack Dorsey is a huge supporter of crypto. His Twitter bio includes #bitcoin.

At the Bitcoin 2021 Conference, Dorsey even said if he weren't at Square or Twitter, he would be working on Bitcoin.

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BTC changes absolutely everything and there isn't anything more important to work on, the entrepreneur said.