Square is gonna be making a hardware wallet for bitcoin. Jesse Dorogusker, the company’s hardware lead, made the announcement on Thursday. Square’s CEO, Jack Dorsey, said in June that the company was considering making one. Now, we are seeing that happen.
Related post: Square Invests Another $170 Million in Bitcoin
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.Jesse Dorogusker
Dorsey is very publicly interested in BTC (Bitcoin). His Twitter bio says nothing but ‘#bitcoin,’ and he showed off a bitcoin clock while testifying before Congress. He has even said that he would be working on bitcoin if he wasn’t working at Square and Twitter.
This is not going to be Square’s first cryptocurrency-focused product. Remember, you can already use the Cash App to buy and sell bitcoin.