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.