Dorsey’s Block Furthers Bitcoin Foray With Hardware Wallet (1)

Block Inc.is offering a new hardware Bitcoin wallet as crypto advocate Jack Dorsey focuses the payments company formerly known as Square more on security and self-governance for the digital-asset sector.

Called Bitkey, the wallet allows users to self-custody the cryptocurrency on a hexagon-shaped hardware device. While similar products have been available for a while, the majority of crypto assets are still held on trading platforms.

Dorsey unveiled the San Francisco-based company’s efforts to develop the new hardware wallet and a Bitcoin mining system in 2021, with the goal of decentralizing the Bitcoin network and making both safe storage and ...