Square Building Hardware Crypto Wallet, Service to ‘Mainstream’ Bitcoin

Square executives confirmed on Thursday the company plans to develop new tools for 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,” Square hardware lead Jesse Dorogusker said on Twitter.

“With that, @jessedorogusker, I, and team will listen and continue the conversation. And we’ll set up a dedicated Twitter and github account if we decide to build. We’ll update this thread with that information when we’re ready. Thanks!” Square and Twitter CEO Jack Dorsey said in response.

In June, Dorsey announced in a lengthy Twitter thread that his fintech company was “considering” making an open-source hardware wallet, outlining how the company was thinking about developing the product and asking for input from the cryptocurrency developer community.

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