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Square will build a bitcoin hardware wallet

Square has decided to move forward with building a bitcoin hardware wallet and service, a month after the company’s CEO Jack Dorsey announced it was considering moving. Jesse Dorogusker, Square’s Hardware Lead, has revealed on Twitter that the company came to the decision “to make bitcoin custody more mainstream.” He did not exactly have any concrete details or a timeline to share, but he did talk about the company’s general plan for the project.

He said that many questions emerged from Jack’s original thread on Twitter and that they will have to reconcile these questions and other issues in order to find out the product direction. At this point, the company at least knows that it wants to make the product available globally and prioritize mobile usage. Square will form a team led by Max Guise, Square̵

7;s Hardware Security Lead, to handle the project and is currently hiring key roles for it.

While the details are scarce at the moment, Jack said Square will build the product out in the open “from software to hardware design and in collaboration with the community” when he first talked about the possibility of creating a wallet back in June. Based on his tweets back then, we can expect integration of the Cash app with the product in the future.

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