Square has decided to move forward with building a portfolio and bitcoin hardware service, a month after the company’s CEO Jack Dorsey announced which is thought to move. Jesse Dorogusker, Square’s Lead Hardware Builder, has palisade on Twitter that the company came to the decision “to make bitcoin custody more mainstream”. He didn’t have exactly any concrete details or a timeline to share, but he talked about the company’s overall plan for the project.
He said many questions have arisen from Jack’s original thread on Twitter and that they will need to address these questions and other issues in order to be able to understand the direction of the product. At the moment, the company knows at least that it wants to make the product available worldwide and give priority to mobile use. Square will form a team led by Max Guise, Square’s Lead Security Officer, to manage the project and currently employs key roles for him.
While 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 spoke for the first time about the possibility. to build a portfolio in June. Based on their tweets back then, we can expect the integration of the Cash app with the product in the future.
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