Digital payments company Square is looking to create a hardware wallet for the cryptocurrency bitcoin, so that people investing in bitcoin can have complete control over the cryptocurrency. Square CEO Jack Dorsey, who is also the CEO of Twitter, tweeted that his company plans to build a bitcoin hardware wallet.
Earlier on June 4 at the Bitcoin 2021 conference held in Miami, Jack Dorsey said that the bitcoin hardware wallet created by his company Square would be open source and would be hardware designed from software. He said that bitcoin belongs to everyone and no one should have control over its storage. With this hardware wallet, people investing in bitcoin will be able to store their bitcoin themselves.
Let us tell you that Bitcoin Transaction Square has proved to be a huge profitable deal. This digital payment company allows investors to buy bitcoin through Cash App and stores this currency digitally. Square’s revenue from bitcoin transactions has grown to $4.75 billion from just $516.5 million in 2019.
