Jack Dorsey’s Block Inc Furthers Bitcoin Foray With New Hardware Wallet Called Bitkey
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Block Inc. is offering a new hardware Bitcoin wallet as crypto advocate Jack Dorsey focuses the payments company formerly known as Square more on security and self-governance for the digital-asset sector.
Called Bitkey, the wallet allows users to self-custody the cryptocurrency on a hardware device that resembles a USB thumb drive. While similar products have been available for a while, the majority of crypto assets are still held on trading platforms.
Dorsey unveiled the San Francisco-based company's efforts to develop the new hardware wallet and a Bitcoin mining system in 2021, with the goal of decentralizing the Bitcoin network and making both safe storage and mining of the digital asset more accessible.
Users of the wallet can connect with crypto exchanges and payment s...