- “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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups 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, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.