Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.”
Square’s Bitcoin Hardware Wallet in the Works
Square Inc. is building a hardware wallet, Jesse Dorogusker, the company’s hardware lead, announced Thursday on Twitter. He tweeted:
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.
Square and Twitter CEO Jack Dorsey subsequently confirmed, tweeting: “We’re doing it.”
Dorogusker explained: “Our next step is to build a small, cross-functional team, which will be led by Max Guise (welcome back). We will incubate this full-stack of tech, design, product, manufacturing, and supply chain with Thomas Templeton & Square’s hardware team to start with a strong foundation.” The hardware lead elaborated:
We have a lot of questions and issues to reconcile and we’ll start with this product