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Square is planning to develop a hardware wallet for bitcoin. The company’s hardware lead, Jesse Dorogusker, made the news public through a tweet.\u00a0<\/strong><\/p>\n The announcement was made on Thursday <\/span>shortly before U.S. Senator Elizabeth Warren identified significant threats to consumers and financial markets by the crypto market<\/span>. <\/span><\/p>\n Jesse Dorogusker said on Twitter that they had decided to build a hardware wallet and service to make bitcoin custody more mainstream. He added that they would continue to ask and answer questions openly.<\/span><\/p>\n He said many questions popped up from CEO Jack Dorsey’s original thread on Twitter and that they’ll need to reconcile those questions and other issues to figure out product direction.<\/span><\/p>\n Square intends to make the product available globally, prioritizing mobile use. Square will form a leadership team to steer the project. The team will include Max Guise, Square’s Hardware Security Lead, and the company is currently hiring critical roles.\u00a0<\/span><\/p>\n CEO Jack Dorsey, who is also the CEO of Twitter,\u00a0 said in June that the company was considering a hardware wallet for bitcoin, and now Square has decided to move forward.<\/span><\/p>\n Jack Dorsey<\/span> said that\u00a0 Jesse, him, and the team would listen and continue the conversation.\u00a0 He added that they’d set up a dedicated Twitter and github account if they decide to build. They’d update this thread with that information when they are set to begin.<\/span><\/p>\n Jack said Square would build the product from software to hardware design in collaboration with the community when he first talked about the possibility of creating a wallet back in June. Based on his tweets back then, possibly the <\/span>Cash app<\/span> will be integrated with the product in the future.\u00a0<\/span><\/p>\n<\/span>Global Service<\/b><\/span><\/h2>\n
<\/span>Community-Based Decisions<\/b><\/span><\/h2>\n
<\/span>Square Gaining Popularity<\/b><\/span><\/h2>\n