Square wants to create a hardware Bitcoin wallet
Software architect and Square creator Jack Dorsey said payment company Square is considering building a hardware wallet for Bitcoin.
“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. We want to kick off this thinking the right way: by sharing some of our guiding principles.,” he tweeted.
As a result, the product could be merged with the Cash App, Dorsey said. But such integration can only be a partial solution, and you will have to create a special application for smooth operation.
“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,” Dorsey wrote.
In addition, the founder of Twitter brought up a number of issues for discussion, including possible obstacles, potential threats and risks, security, and the need to create additional tools. Then he added:
“With that, Engineer Jesse Dorogusker, I, and the team will listen and continue the conversation. And we’ll set up separate Twitter and GitHub accounts if we decide to build. We’ll update this thread with that information when we’re ready. Thanks!”.