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Finance

Block’s Bitcoin Wallet Will Contain a Fingerprint Sensor for Transactions

The payment giant’s new wallet will also be powered by a rechargeable lithium polymer battery and USB-C port.

By Aoyon Ashraf
AccessTimeIconMar 11, 2022 at 7:49 p.m. UTC
Updated May 11, 2023 at 5:59 p.m. UTC
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Payments firm Block (SQ), formerly known as Square, said the bitcoin (BTC) wallet it is building will enable fingerprint sensors for transactions, according to a company blog post on Friday.

  • “For transactions that require using the wallet hardware, we want our customers to be able to unlock their wallets securely, but with ease – an unlikely combination that historically has not existed in the market,” the company said in the post.
  • The hardware component of the wallet will use a rechargeable lithium polymer battery and USB-C port to power the device.
  • The wallet will not have a display as Block said it doesn’t want to create a new interface that customers will need to learn in order to use the wallet.
  • Block announced in July that it was moving forward with plans to build a bitcoin hardware wallet.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Aoyon Ashraf
    Aoyon Ashraf

    Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

    Follow @Aoyon_A on Twitter