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Dorsey’s Square confirms plans for Bitcoin hardware wallet
- Friday | 9th July, 2021
Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins. With a non-custodial wallet, you have sole control of your private keys, which in turn control your cryptocurrency and prove the funds are yours. With a custodial wallet, another party controls your private keys. “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream…”, Jesse Dorogusker, head of hardware at Square said in a Twitter thread. Last month, chief executive officer Jack Dorsey hinted in a tweet that the company was considering creating a non-custodial hardware wallet for bitcoin.
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