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Square to Build Bitcoin Hardware Wallet

“We’re doing it,” tweeted Jack Dorsey, the fintech’s CEO.

Updated Sep 14, 2021, 1:23 p.m. Published Jul 8, 2021, 11:10 p.m.

Square is moving forward with plans to build a bitcoin hardware wallet, executives at the payments company said Thursday.

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The company has begun assembling a team to handle the project, said hardware lead Jesse Dorogusker in a tweet, emphasizing the product is very much in the drawing-board stage. Nevertheless, he said Square will seek to bring a mobile-friendly, “assisted-self-custody” wallet to a global audience.

“We have decided to build a hardware wallet and service to make bitcoin custody more mainstream,” he said in the tweet. Square CEO Jack Dorsey followed up: “We’re doing it.”

We’re doing it #Bitcoin https://t.co/IwbKuBoXGv
— jack⚡️ (@jack) July 8, 2021

Square’s status as a mainstream fintech would likely inject new attention into bitcoin custody. It has much wider name recognition than even the best-known hardware builders in the crypto industry. Square has carved out a niche in making bitcoin accessible through its Cash App. And Dorsey is himself aligned with the cryptocurrency on philosophical grounds.

Dorogusker did not immediately respond to CoinDesk queries.

Square Bitcoin Wallets Jack Dorsey Custody

Danny Nelson

Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.