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Wednesday

23 June 2021

Jack Dorsey Has Some Big Bitcoin Plans for the Future | Live Bitcoin News

Jack Dorsey Has Some Big Bitcoin Plans for the Future | Live Bitcoin News


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Dorsey announced that Square is looking to build a new cryptocurrency hardware wallet that customers can use to store bitcoin.

Square is considering making a hardware wallet for bitcoin, and if we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community… The exchange you used to buy your bitcoin probably attends to your security with good intent, but circumstances may reveal ‘custody’ means ‘IOU.’ Deciding to take custody and security of your bitcoin is complicated.

Aside from its work on a hardware wallet, Square is also looking to invest millions of dollars into a new crypto mining facility, which according to a press release, is set to be solar powered.

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