Editor's note: Square, an American financial services company led by Jack Dorsey, is building a hardware wallet for bitcoin. However, based on the language used and the message conveyed, the project appears to be in its early stages, which means that it may take some time before the final product is achieved for the consumer.
The idea was tweeted by Dorsey in early June and confirmed on the same OS this week. In particular, Twitter hardware chief Jesse Dorogusker said in a recent tweet that they have already decided to create a wallet and hardware “to store mainstream bitcoin.”
We plan to build wallets and hardware services to generate mainstream bitcoin. We will continue to ask and answer free questions. The Forum's response to our topic on this project has been excellent - encouraging, generous, participatory and inspiring. https://t.co/CHf9hAmKnn- Jesse Dorogusker (@JesseDorogusker) Jul 8, 2021
Through a series of additional tweets, Dorogusker said they still have a lot of questions and issues to get things done , add that they start with the direction of the product: first bitcoin, global distribution, multimedia to achieve "self-confidence" and prioritize mobile use.
Dorogusker added that the next step in the process is to assemble a small multi-tasking team led by Max Guise. Square and Jack Dorsey in particular have been interested in bitcoin for some time. Last October, Square invested $50 million to purchase 4,709 bitcoins. With today's value, this investment is now valued at $157 million in the North. A little earlier, the company created a crypto consortium to help you prevent patent trolls.
Photo courtesy of Lukas Gojda
Square is building a hardware wallet for Bitcoin