{"id":266832,"date":"2021-06-04T19:24:16","date_gmt":"2021-06-04T16:24:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jack-dorsey-outlines-squares-tentative-plans-for-bitcoin-hardware-wallet\/"},"modified":"2021-06-04T19:24:16","modified_gmt":"2021-06-04T16:24:16","slug":"jack-dorsey-outlines-squares-tentative-plans-for-bitcoin-hardware-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jack-dorsey-outlines-squares-tentative-plans-for-bitcoin-hardware-wallet\/","title":{"rendered":"# Jack Dorsey outlines Square\u2019s tentative plans for Bitcoin hardware wallet"},"content":{"rendered":"<p>&#8220;<strong># Jack Dorsey outlines Square\u2019s tentative plans for Bitcoin hardware wallet  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZDU0MWM0MTUtN2M2Ni00MmFiLTgzN2ItZjhhZmJlNGJlY2VlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Square Inc., the mobile payments company behind the popular Cash <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments.\u00a0<\/p>\n<p>\u201cSquare is considering making a hardware wallet for Bitcoin,\u201d CEO and co-founder Jack Dorsey <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jack\/status\/1400839183816605698\">tweeted<\/a> Friday. \u201cIf we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Square is considering making a hardware wallet for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. 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.<\/p>\n<p>\u2014 jack (@jack) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jack\/status\/1400839179513339905?ref_src=twsrc%5Etfw\">June 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dorsey outlined his rationale for a new Bitcoin hardware wallet in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of posts, where he reiterated the importance of self-custody and the need to create a seamless mobile experience for crypto users. In Dorsey\u2019s view, \u201cassisted self-custody\u201d can greatly simplify the experience of managing one\u2019s own crypto wallet:<\/p>\n<blockquote><p>\u201cCustody doesn\u2019t have to be all-or-nothing. We can probably simplify custody through \u201cassisted self-custody.\u201d Assisted requires great product design: minimal setup time, relying on existing devices, and end-to-end reliability.\u201d<\/p><\/blockquote>\n<p>While self-custody is important, Dorsey said a confluence of forces are needed to attract new users to Bitcoin. \u201cLayer 2 is essential for growth,\u201d he said, adding:<\/p>\n<blockquote><p>\u201cThe orders-of-magnitude growth we imagine requires a mix of custodial, off-chain, and second layer solutions that allow people to \u2018get off of 0.\u2019 What tech investments can enable seamless, scalable, L2 native support for a hardware wallet?\u201d<\/p><\/blockquote>\n<p>Square is one of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.org\/\">largest<\/a> corporate holders of BItcoin, with 8,027 BTC on its balance sheet. Its holdings are currently worth $297 million based on current prices. Square\u2019s Cash App is generating the bulk of its revenue from Bitcoin sales, highlighting growing retail interest in the digital asset class. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/jack-dorsey-outlines-square-s-tentative-plans-for-bitcoin-hardware-wallet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Jack Dorsey outlines Square\u2019s tentative plans for Bitcoin hardware wallet &#8221; Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin (BTC) wallet, signaling continued conviction in the future of digital currency payments.\u00a0 \u201cSquare is considering making a hardware wallet for Bitcoin,\u201d CEO and co-founder Jack&#8230;<\/p>\n","protected":false},"author":1,"featured_media":266833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZDU0MWM0MTUtN2M2Ni00MmFiLTgzN2ItZjhhZmJlNGJlY2VlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74927,117,73952,10401],"class_list":["post-266832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-square","tag-business","tag-jack-dorsey","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/266832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=266832"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/266832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/266833"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=266832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=266832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=266832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}