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Square is will make a hardware wallet for bitcoin, the company’s hardware manager Jesse Dorogusker said on Thursday. CEO Jack Dorsey, who is also the CEO of Twitter, said in June (in a tweetstorm, naturally) that the company was considering making one, and now Square has made the decision to go ahead.
“We decided to create a hardware wallet and a service to make bitcoin custody more common,” Dorogusker said. “We will continue to ask and answer questions openly. The response from this community to our thread on this project has been overwhelming – encouraging, generous, collaborative and inspiring.
Dorsey has made no secret of his interest in bitcoin. His Twitter bio only says “#bitcoin”He showed a bitcoin clock during his testimony to Congress, and he even said he would work on Bitcoin if he didn’t work on Square and Twitter. So perhaps it’s no surprise that Square’s efforts are moving more towards a hardware wallet for cryptocurrency.
This hardware wallet won’t be Square’s first cryptocurrency-focused product. You can already buy and sell bitcoin from the Square Cash app.
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