Block Bitcoin hardware wallet offers users a secure means of storing their cryptocurrency on a hardware device resembling a USB thumb drive. This wallet enables users to connect with various cryptocurrency exchanges and payment services, including Block’s Cash App, facilitating seamless token transfers between platforms. The company, headquartered in San Francisco, aims to decentralize the Bitcoin network and enhance accessibility to safe storage and mining of the digital asset.
In a bid to achieve these goals, Dorsey revealed Block’s plans for the Block Bitcoin hardware wallet and a Bitcoin mining system in 2021. The company is actively working on developing new mining software to further support its initiatives. Thomas Templeton, Block’s Bitcoin Hardware Lead, highlighted their ongoing collaboration with Cash App, emphasizing their pursuit of synergies beyond the initial partnership.
This news follows Coinbase’s June declaration of a global partnership with Block’s self-hosted Bitcoin wallet. The integration enables Coinbase Pay to facilitate the transfer of existing Bitcoin and conduct buy/sell transactions powered by Coinbase within the Bitkey self-hosted wallet. Block Bitcoin hardware wallet empowers users to easily own and manage their Bitcoin securely.
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Palo Alto, California, 21st November 2024, Chainwire
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