Will square build a bitcoin hardware wallet?

Square CEO Jack Dorsey says the merchant payment platform will build a Bitcoin hardware wallet. In June, the head of the digital payments company unveiled that Square was exploring the idea of creating a hardware wallet for Bitcoin in collaboration with the crypto community. “Square is considering making a hardware wallet for Bitcoin.

Does square have a hardware wallet?

Square's Cash App, which lets users buy and sell bitcoin, is known for introducing newbies to cryptocurrency rather than appealing to hardcore crypto users. That's where a hardware wallet comes in. Hardware wallets provide extra security, since online crypto accounts can be hacked through SIM swaps and social engineering.

What is bitcoin wallet?

We started as a payment gateway that allowed merchants to accept Bitcoin. The company first focused on API, making selling, buying and storing bitcoin a fast an easy experience, then we developed a full-blown digital wallet complemented with prepaid cards and payment services.

Is square going to make bitcoin custody more mainstream?

CEO Jack Dorsey, who is also the CEO of Twitter, had said in June ( in a tweetstorm, naturally) that the company was considering making one, and now Square has made the decision to move forward. “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” Dorogusker said.