Twitter CEO Jack Dorsey revealed that the business is considering developing a hardware wallet for Bitcoin for Square clients.
The hardware wallet will be totally open source, from the software to the hardware design. And So, will be developed in partnership with the community, he stated in a tweet on Friday.
“Bitcoin is a universal currency. It is critical to us that we develop an inclusive offering that introduces a non-custodial option to the global market”. He said.
Dorsey, a fervent cryptocurrency enthusiast, announced an investment of 500 bitcoins (roughly Rs 174 crore) in an endowment to finance Bitcoin growth with a particular emphasis on India and Africa.
So, Dorsey compares Bitcoin to poetry and believes that it has the potential to bring a tidal shift in the world.
“The majority of individuals access the internet through their mobile devices. Any solution we develop must give an outstanding user experience on mobile, despite its flaws and limitations. “An unwavering emphasis on mobile contact is likely to engage the largest number of individuals,” he said.
Twitter CEO Jack Dorsey now plans a Bitcoin wallet
Bitcoin is now on a wild ride, courtesy of Tesla CEO Elon Musk.
Musk has now stepped out to assist in the formation of a Bitcoin Mining Council that would “promote energy consumption transparency” and “accelerate global environmental activities.”
Musk previously said that he would not accept Bitcoin as a payment method for his electric automobiles, citing environmental concerns. So, The currency plummeted, shedding over half its value in a matter of days, and is presently hovering around $38,000.
Musk has also hinted that he may launch his own cryptocurrency in the near future, after the suspension of Bitcoin as a payment method for Tesla automobiles.