Jack Dorsey’s FinTech company Block (SQ) will integrate its new self-custody bitcoin wallet, Bitkey, with its financial services platform Cash App and the cryptocurrency exchange Coinbase. Public beta testing for the wallet will commence in a few weeks with a global launch expected later this year, according to a blog post on Wednesday by the company.
Coinbase is the largest cryptocurrency exchange in the U.S. by trading volume and Cash App is Block’s own financial services platform that offers payments, stocks and bitcoin in a single app. With the new integrations, Bitkey users will be able to buy and sell bitcoin (BTC) via Cash App and Coinbase directly from within the wallet’s app.
Bitkey is a multi-signature hardware wallet device that comes with a set of recovery tools and a mobile app. The full Bitkey product suite is expected to launch later this year in the U.S., Canada, the U.K., Brazil, Australia and other global markets.
“Back in March, we explained how partners can contribute to Bitkey’s mission to empower the next 100 million people to truly own and manage their money with bitcoin,” the blog post states. “These partnerships represent a key step towards helping customers have more control and ownership over their financial lives with bitcoin self-custody.”
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.