Bitcoin
$43,272.10+1.43%
Ethereum
$3,060.88+5.07%
XRP
$0.943593+0.56%
Cardano
$2.26-4.75%
Polkadot
$29.08-3.58%
Stellar
$0.278325+0.44%
Dogecoin
$0.206678-1.41%
Chainlink
$24.55+2.92%
Uniswap
$24.30+24.73%
Polygon
$1.13+0.74%
Cosmos
$39.67-0.46%
Algorand
$1.72-0.76%
Litecoin
$152.09-0.06%
Bitcoin Cash
$511.34-0.97%
Wrapped Bitcoin
$43,274.06+1.42%
The Graph
$0.684643+0.60%
Filecoin
$58.35-3.58%
Tron
$0.088204-2.65%
Ethereum Classic
$47.37-0.44%
Tezos
$6.79-4.42%
Aave
$294.21+6.67%
Monero
$232.51-2.09%
EOS
$4.05+0.81%
NEO
$38.94-0.29%
IOTA
$1.20-2.96%
BitTorrent
$0.003212-1.03%
Bitcoin SV
$129.87-3.79%
Waves
$23.85-1.72%
Maker
$2,364.24+4.64%
Dash
$163.09-0.89%
Decentraland
$0.713411+3.69%
Decred
$114.13-1.19%
ICON
$1.66+6.94%
NEM
$0.148636+0.90%
Zcash
$112.14+1.92%
OmiseGO
$9.12+2.89%
Paxos Standard
$1.00-0.03%
Yearn Finance
$30,688.93+1.76%
Ren
$1.11+6.99%
NuCypher
$0.277294-6.22%
Qtum
$9.59-0.77%
Bitcoin Gold
$52.48-0.81%
Basic Attention Token
$0.653189+1.71%
Fetch.ai
$0.830283-2.30%
0x
$0.903706+1.09%
Kava.io
$5.73-2.41%
Bancor
$3.54+2.56%
Band Protocol
$7.44-0.66%
Siacoin
$0.015077+2.53%
Nano
$4.57-2.45%
Loopring
$0.373203-1.75%
Storj
$1.10+1.17%
Numeraire
$41.72-2.06%
Civic
$0.441940-2.45%
Lisk
$2.81-4.41%
Orchid
$0.320962+0.66%
PAX Gold
$1,760.19+0.19%
Enzyme
$143.62+7.24%
Augur
$21.09-2.46%
Aragon
$4.58-5.77%
district0x
$0.149473-1.32%
Kyber Network
$1.46+1.73%
SingularDTV
$0.001200-3.26%
Tether
$1.00-0.03%
USD Coin
$1.00-0.04%
Dai
$1.00-0.03%

Square Funds Designer to Make Crypto Wallets Usable by Anyone

Maggie Valentine was awarded a grant to help make bitcoin wallets less complicated for non-crypto users.

Nov 1, 2020 at 9:19 p.m. UTC
Updated Sep 14, 2021 at 10:26 a.m. UTC

Square Crypto, the cryptocurrency arm of the payments company, said in a tweet Friday it has awarded a grant to a designer who's trying to make bitcoin wallets usable by anyone, regardless of technical proficiency.

  • The work Square Crypto will be funding will seek to answer a question the grant recipient, Maggie Valentine, put forward in a proposal, namely: "How can we provide an intuitive experience for non-crypto users while preserving the security of a user’s funds?"
  • The award comes less than a month after Square, which is helmed by Twitter CEO Jack Dorsey, said it had purchased 4,709 bitcoins for $50 million, representing 1% of the firm's assets.
  • The grant seems to be in line with statements made by company CFO Amrita Ahuja at the time Square's investment was announced: "We believe that bitcoin has the potential to be a more ubiquitous currency in the future," Ahuja said. "For a company that is building products based on a more inclusive future, this investment is a step on that journey."
  • A more inclusive future that includes bitcoin would also seem to be a profitable one for Square. The company's Cash App has been a major revenue driver for the publicly traded fintech.

DISCLOSURE

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.

Loading...