Square chief executive Jack Dorsey says that his payments company is mulling over the possibility of creating a Bitcoin hardware wallet in collaboration with the crypto community.
In a new post, the head of the digital payments company tells his 5.4 million followers that he wants to build an inclusive product that brings a non-custodial solution to the next 100 million Bitcoin users.
“Square is considering making a hardware wallet for Bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.”
According to Dorsey, the solution has to be trustless, secure, and accessible while geared toward mobile users. The tech mogul also points to layer 2 technology as an area of development for the hardware wallet.
“Layer 2 is essential for growth. The orders-of-magnitude growth we imagine