By coinfeedsJune 04, 2021
Jack Dorsey known as CEO of twitter, his company Square Inc., the mobile payments company behind the popular Cash App, is strongly considering developing an open-source Bitcoin wallet, signaling continued conviction in the future of digital currency payments.
He tweeted from his personal handle “Square is considering making a hardware wallet for #bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community. We want to kick off this thinking the right way: by sharing some of our guiding principles.”
Square is one of the largest institutional holders of BItcoin, with 8,027 BTC on its balance sheet. Its holdings are currently worth $297 million based on current prices. Square’s Cash App is generating the big portion of revenue from Bitcoin sales, highlighting growing retail interest in the digital asset class.
Posted on June 04, 2021By coinfeeds
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