Square will build a bitcoin hardware wallet

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Square decided to continue building a hardware wallet and bitcoin services, a month after CEO Jack Dorsey announced to consider a move. Jesse Dorogusker, Square’s Hardware Lead, did discovered on Twitter that the company had made a decision “to make bitcoin custody more and more”. He didn’t have any specific details or a timetable for the exchange, but he talked about the company’s general plan for the project.

He said a lot of the questions came from Jack’s original topic on Twitter and that they would need to reconcile those questions and other issues in order to understand the direction of the product. At this point, the company at least knows it wants to make the product globally available and give preference to mobile use. Square will form a team led by Max Guise, Square’s head of hardware security, who will handle the project and is currently hiring key roles for it.

Although details are scarce at the moment, Jack said Square would build the product outdoors “from software to hardware design and in collaboration with the community” when he first spoke about the possibility of making a wallet back in June. Based on his tweets in the future, we can expect the integration of the Cash app with the product in the future.

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