{"id":295583,"date":"2021-07-09T18:41:25","date_gmt":"2021-07-09T15:41:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/square-will-sell-a-hardware-bitcoin-wallet-to-make-cryptocurrency-mainstream-review-geek\/"},"modified":"2021-07-09T18:41:25","modified_gmt":"2021-07-09T15:41:25","slug":"square-will-sell-a-hardware-bitcoin-wallet-to-make-cryptocurrency-mainstream-review-geek","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/square-will-sell-a-hardware-bitcoin-wallet-to-make-cryptocurrency-mainstream-review-geek\/","title":{"rendered":"#Square Will Sell a Hardware Bitcoin Wallet to Make Cryptocurrency \u201cMainstream\u201d \u2013 Review Geek"},"content":{"rendered":"

“#Square Will Sell a Hardware Bitcoin Wallet to Make Cryptocurrency \u201cMainstream\u201d \u2013 Review Geek”<\/strong><\/p>\n

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Earlier this year, Square CEO Jack Dorsey wrote a convoluted Twitter thread<\/a> to explain his interest in a hardware Bitcoin wallet\u2014a physical device that holds your cryptocurrency. Now, Square\u2019s hardware lead Jesse Dorogusker says that the company is developing such a product<\/a> to help crypto go \u201cmainstream.\u201d<\/p>\n

Square is best known for its point of sale systems, specifically the credit card scanners that plug into iPhones and iPads. But the company provides a wide variety of financial services, including Cash App<\/a>, a money transfer and investment app<\/a> that allows users to buy Bitcoin and other digital currencies.<\/p>\n

Cash App has already helped to \u201cmainstream\u201d crypto a bit, as it provided many people with their first trading experience during the recent Dogecoin boom (and subsequent bust). But Square as a company, and especially its CEO Jack Dorsey, seem a lot more interested in Bitcoin. Dorsey\u2019s Twitter bio contains nothing but the word \u201c#bitcoin\u201d and, during a recent House hearing focused on social media<\/a> misinformation (Jack Dorsey is also the CEO of Twitter), he sat in front of a \u201cBitcoin clock<\/a>.\u201d<\/p>\n

It\u2019s unclear how the Square hardware Bitcoin wallet will work, but Jack Dorsey suggests<\/a> (in the most confusing language possible), that the device would be fully secured from hackers and built from scratch with community support. Mobile integration would also be a sticking point, which raises a question\u2014why bother with a physical Bitcoin wallet when it needs to be managed from your phone?<\/p>\n

Hardware wallets may be a dead end for cryptocurrency, especially at a time when many people are transitioning to solutions like Apple Pay. But there\u2019s clearly a demand for such products, as several companies are developing or actively selling<\/a> hardware crypto wallets. How Square sets itself apart from competing products enough that it can \u201cmainstream\u201d crypto\u2014well, that remains to be seen.<\/p>\n

Source: Square<\/a> via The Verge<\/a><\/small>\n<\/div>\n