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.
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
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.