Square has now begun to develop a Bitcoin hardware wallet
Square, an American payment service provider led by Twitter CEO Jack Dorsey, has now begun to develop Bitcoin hardware wallets to help investors custody cryptocurrencies.
Jack Dorsey can be said to be a loyal Bitcoin believer. Jack Dorsey also said that if he does not work on Twitter and Square, he will contribute to Bitcoin.
As a payment service provider, Square actually supports users to purchase cryptocurrency through its platform for a long time, and also supports sending bitcoins to their friends.
Jack Dorsey previously stated that based on the user’s call, they would consider developing a Bitcoin hardware wallet to help users more securely custody crypto assets such as Bitcoin.
The head of the Square hardware team, Jesse Dorogusker, shared the latest information on Twitter a few days ago. After evaluation, they believe that it is feasible to develop a hardware wallet.
With that, @jessedorogusker, I, and team will listen and continue the conversation. And we’ll set up a dedicated Twitter and github account if we decide to build. We’ll update this thread with that information when we’re ready. Thanks!
— jack (@jack) June 4, 2021
So they have begun to develop open, offline Bitcoin hardware wallets compatible with other wallets, but it is still unknown which cryptocurrencies they support.
Because Jack Dorsey is a big fan of Bitcoin, Jack Dorsey is not even willing to buy Ethereum, so it is not surprising if the hardware wallet only supports Bitcoin.
However, after all, we have to take into account the wallet sales and the needs of investors. We guess that Jack Dorsey’s hardware wallet should also support the custody of multiple crypto assets.
Jesse Dorogusker said that the establishment of Bitcoin hardware wallets and services can make Bitcoin custody more mainstream, and currently supports a large number of users.
Considering that as the CEO of Twitter, Jack Dorsey has tens of millions of fans, the launch of this hardware wallet should be very popular with investors.
