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Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

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Square and Twitter CEO, Jack Dorsey today confirmed via Twitter that the Square plans to create a Bitcoin hardware wallet.

Read: Bank of America Launch Their Crypto Research Team

Square Product Development Head, Jesse Dorogusker first tweeted that the company “has decided to build a hardware wallet and service to make Bitcoin custody more widespread.”

Jesse Dorogusker said:

“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. This community’s response to our thread about this project has been awesome – encouraging, generous, collaborative, & inspiring.”

Dorsey retweeted him and added, “We’re doing it.”

Read: John Mcafee Widow: I Do Not Accept The “Suicide Story” That Has Been Spread By The Main Stream Media

Dorsey said last month that Square is considering building a bitcoin wallet, and today he confirms it.


Jesse Dorogusker said that they are hiring a team for creating BTC wallet:

“Contact us by email if you want to build mainstream self-custody with us, in partnership or on our team: hardwallet (at) squareup (dot) com. We’re hiring key roles in hardware, software, security, and business. Thank you for your ideas and challenging questions – keep ‘em coming.”

Hardware wallets are one of the safest ways to store crypto assets as they allow users to store their private keys and holdings on external offline devices. But new users complain that they are difficult to learn and use.

Read: A New Bill Submitted By Argentine Lawmaker Propose Bitcoin Salaries

Hardware wllet provide security by allowing people to keep their private keys offline. Ledger and Trezor are two of the leading hardware wallet makers, so Square already has some serious competition.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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