Square can make a “hardware portfolio” for Bitcoin
Square can make a Bitcoin hardware portfolio, says Jack Dorsey. In a , the executive presented his thoughts on what that device would be like if Square released one. “Bitcoin is for everyone,” Dorsey said. “It’s important for us to build an inclusive product that brings a seamless solution to the global market.”
At that point, any possible hardware portfolio from Square would include some sort of telephone integration. “An uncompromising focus on mobile interaction is likely to understand most people,” Dorsey said. At the same time, he acknowledged that your phone can be a significant liability, especially in the context of a cryptocurrency. Dorsey also mentions the integration of the Cash app as an obvious inclusion, but notes that it’s not certain that a potential standalone device will necessarily need a small display.
If it looks like Dorsey and Square aren’t fully geared up to what should be a mainstream Bitcoin hardware portfolio, it seems like the point. “If we do it, we’re going to build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey said.
While cryptocurrency hardware portfolios aren’t a new idea (we’ve even seen some of them) ), a Square device could be a major driver of mainstream adoption, particularly now that they have other financial services companies like Venmo embraced technology. A hardware device also makes Bitcoin tangible in a way that could help make the concept of cryptocurrency more understandable for your average consumer. If Square finally decides to pursue the idea, Dorsey promised that the company will create Twitter and Github accounts dedicated to the project to allow people to track its progress.
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