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Square considers making bitcoin hardware wallet - Dorsey

Square considers making bitcoin hardware wallet - Dorsey
Square considers making bitcoin hardware wallet - Dorsey   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> – Fintech company Square Inc is considering making a hardware wallet for bitcoin, Chief Executive Officer Jack Dorsey said in a tweet https://twitter.com/jack/status/1400839179513339905 on Friday.</p> <p>As bitcoin and other crypto-currencies have gained in popularity, many companies have emerged to serve a growing need to protect these assets from online theft. </p> <p>Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought and sold for traditional currencies or other virtual coins.</p> <p>“If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” said Dorsey.</p> <p>Shares of Square were up 3%. The company has further raised its bets on bitcoin since it disclosed in February it had invested $170 million more in the cryptocurrency. (https://reut.rs/34PFSZb)</p> <p/> </div>