Square has decided to continue building a hardware wallet and bitcoin service a month after its CEO Jack Dorsey announced it was considering a move. Square hardware chief Jesse Dorogusker revealed on Twitter that the company made the decision. "To make bitcoin custody more mainstream," he has no concrete details or timeline to share. But he spoke of the company's general plans for the project.
He said a lot of xo questions arose from Jack's original thread on Twitter, and that they would have to compromise on those and other issues to be able to understand the direction of the product at this point. Global product and mobile deployment priorities Square will form a team led by Max Guise, Square's Head of Hardware Security, to manage the project and is hiring key roles for the project.
While details are scarce at the moment, Jack said Square will build the product in an open fashion. "From software to hardware design and in collaboration with the community" when he discussed the possibility of creating a wallet in June. from his tweet at the time We can expect the Cash app to be integrated into the product in the future.