Jack Dorsey pulls out all the stops. Via his company Block, he offers a bitcoin wallet for investors from all over the world. Details !
Block innovates with a self-custodial bitcoin wallet
In October, Jack Dorsey revealed to the world a unique bitcoin wallet. Its particularity lies in its design, imitating a small hexagon, and the icing on the cake is a hardware wallet.
“ Jack’s fintech company Block has unveiled its self-managed bitcoin wallet Bitkey, which can be pre-ordered in 95 countries. »
According to CoinDeskJack Dorsey’s new BTC wallet will be available, for pre-order, for users from 95 different countries. This wallet device includes, among other things, a hardware device, functionalities suitable for recovery, bitcoin transactions and many other amenities.
This Block application is equipped with 3 keys to effectively securing bitcoins of a customer. Note that the 3e key is carefully guarded in Bitkey’s servers. She is destined for easy verification of customer transactions by the simple use of their smartphones in the absence of the bitcoin hardware wallet. In case of loss of the phone, they can easily recover their wallet or assets contained in this device.
It should be noted that this new product called Bitkey was tested last summer, that is to say in June. At that time, Block clarified that its crypto wallet can connect to Cash App and Coinbase. Enough to make buying and selling BTC easy.
Currently, there is a rush towards self-custody devices due to the problems encountered by centralized crypto exchanges like Binance. Moreover, the collapse of behemoths like FTX, Voyager and Celsius Network does not help matters. With centralization no longer in fashion, Block should expect increased interest in Bitkey in 2024.
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