Twitter CEO Jack Dorsey announced yesterday, Friday, that his company specializing in digital payments, Square, intends to launch a "wallet" for Bitcoin, resembling a USB-like device that allows secure, non-virtual storage of cryptocurrencies. This device enables users to store digital currencies outside the electronic framework and can be synchronized with their financial applications for online transactions. Additionally, customers can opt for a "virtual" wallet, which would mean trusting third-party companies to secure their funds while using key phrases to access them.
However, Dorsey believes that dealing with Bitcoin should not be limited to experts in the field and is seeking ways to enhance trust in cryptocurrencies, particularly by proposing a method to purchase them without relying on external parties. Dorsey highlighted via Twitter that storing Bitcoin is "complex," listing issues to be resolved such as "readiness, security, ease of use via mobile devices, and others." He announced his intention to launch a "wallet" that can be used to make purchases through smartphones, for example, without compromising users' funds or the cryptocurrency system in general.
