Jack Dorsey Says Square Is Considering Developing a Bitcoin Hardware Wallet

“If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey said in the Twitter thread.

AccessTimeIconJun 4, 2021 at 4:17 p.m. UTC
Updated Dec 6, 2022 at 8:22 p.m. UTC

Twitter CEO Jack Dorsey tweeted Friday that his other company, the payments firm Square, is considering making a hardware wallet for bitcoin.

  • “If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey said in the Twitter thread. 
  • He added that bitcoin is for everyone, and it's important for his team to build an inclusive product that brings a non-custodial solution to the global market.
  • Dorsey said there are plans to integrate the wallet with Square's Cash App.
  • “Cash App integration is obvious for us but only part of the solution. A smooth experience likely depends on a custom-built app but it doesn’t need to be owned by Square. We can imagine apps that work without Square and maybe also without permission from Apple and Google. You?” said Dorsey.
  • Dorsey, who is Square's CEO, said he is open to feedback and will continue the conversation around developing a hardware wallet. In the meantime, his team will set up a dedicated Twitter and GitHub account if the plan to build the wallet goes ahead.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.