Jack Dorsey Confirms Square Will Make Bitcoin Hardware Wallet

The decision was announced in a tweet by Jesse Dorogusker, the hardware lead and TIDAL lead at Square.

article-image
share

key takeaways

  • “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” Dorogusker said
  • Dorsey said the wallet would be “entirely in the open, from software to hardware design, and in collaboration with the community”

Square, a digital payments service company led by Twitter CEO Jack Dorsey, is going forward with building a hardware wallet for bitcoin after Dorsey hinted at the possibility in early June. 

The decision was announced in a tweet by Jesse Dorogusker, the hardware lead and TIDAL lead at Square. 

“We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” Dorogusker said. 

Loading Tweet..

Following Dorogusker’s tweet, Dorsey quoted his tweet and replied, “We’re doing it #Bitcoin.”

Neither of them provided specific details or a timeline for the product creation and Square was not available for immediate comment, but Dorogusker shared some details about the plan. 

Dorogusker said there are still “a lot of questions and issues to reconcile” and the company will start with a production direction of bitcoin first, while supporting multisig to achieve “assisted-self-custody,” and prioritizing mobile use. 

In general, bitcoin hardware wallets are physical devices plugged into a computer or phone that allow owners to securely store and access bitcoin through private keys.

When Dorsey tweeted that Square was considering making a hardware ballet for bitcoin, he said it would be “entirely in the open, from software to hardware design, and in collaboration with the community.” 

He added that they wanted to build “an inclusive product that brings a non-custodial solution to the global market,” making bitcoin for everyone.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

kamino cover.jpg

Research

Kamino has solidified its position as the leading money market on Solana and is emerging as a DeFi bluechip. Although DeFi competition is fierce, Kamino has kept iterating on its product to provide the best-in-class UX, paired with a robust risk management framework and battle-tested infrastructure. Given the rollout of Kamino Lend V2, the protocol may scale aggressively over the coming months, penetrating previously untapped markets in Solana DeFi.

article-image

Why that the bull market might not start until 2025

article-image

August’s annual headline figure came in at 2.3% after an upward revision Thursday, so things are moving in the right direction 

article-image

MSTR’s stock price was roughly $248 at 2 pm ET Thursday

article-image

Ever since rates came off zero and fiscal deficits exploded, markets have started paying close attention to how the government is funding itself

article-image

Solana memecoins are collectively at an all-time high

article-image

Optimistic rollups like Optimism, Arbitrum and Base are seeing rapid adoption relative to zk rollups