Jack Dorsey says Square is considering the development of a bitcoin hardware wallet
Square is considering the development of a bitcoin hardware wallet, according to Jack Dorsey, CEO of the payments firm. — Such a product launch isn't a done deal, according to Dorsey, who previewed the concept in a Friday Twitter thread.
The BlockMichael McSweeney
Context & Ripple Effects
Square’s wallet exploration follows Dorsey’s earlier plan to fund a dedicated Bitcoin team at the company, turning ecosystem contributions into a potential consumer-facing product line. The proposal matters because it places Square at the point where users hold and control bitcoin, not only where they transact.
The idea later progressed into a formal commitment to build the wallet, while Square also described work on a Bitcoin-focused decentralized exchange and an open-source miner. Together, those efforts trace an expanding Bitcoin product agenda rather than a one-off feature.
First-order effects
Square begins evaluating a bitcoin hardware wallet, but Dorsey’s framing makes clear that no product launch has been committed to yet.
The initiative gives Square’s Bitcoin effort a prospective end-user device layer alongside its existing ecosystem work.
Square’s later exploration of an open-source miner extends that agenda from custody toward Bitcoin infrastructure, broadening the set of products its Bitcoin team may support.
Third-order effects
If Square executes across wallet, exchange, and mining initiatives, Bitcoin services may be organized less as isolated apps and more as interoperable layers spanning ownership, exchange, and infrastructure.
The wallet becomes a strategic permission layer: the company controlling the user’s storage interface can shape how its other Bitcoin services reach customers.
The trend: Square is moving from supporting the Bitcoin ecosystem through internal development toward assembling products across the ownership, exchange, and infrastructure stack.
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.
Blockstream Jade is a great example of this. Accessible, cheap, general purpose hardware, FOSS code. https://blockstream.com/jade https://twitter.com/...
Love Jack & own BTC via SQ bc of him. But if I'm being honest I want to “be my own bank” and keep $ on a jump drive as much as I want to stick a fork in my eye. Tech should be taking things off our plate to free us for creative work. I trust a ft eng team 100x more than myself. h…
Lots of interesting stuff shared here by @jack Open isn't necessarily a security feature. Designing the best experience, making the most secure devices that are very easy to use is the end game for sure. The race is on to build the most secure gateway to access Web3. https://twit…