Jack Dorsey (CEO, Chairman and founder of Square) confirmed an hour ago that the company is developing a hardware wallet and a service to make bitcoin custody more mainstream.
First announcement on this project was made by Dorsey on Twitter on last 4th June.
Leaving aside the confirmation by Dorsey, Jesee Dorogusker (Hardware and Tidal Lead at Square unveiled next steps and the initial direction under which the hardware will be developped.
Dedicated team led by Max Guise
“Next step is to build a small, cross-functional team, which will be led by Max Guise, welcome back!.” said Dorogusker on Twitter. And he continued: “We will incubate this full-stack of tech, design, product, manufacturing, and supply chain with Thomas Templeton and Square’s hardware team to start with a strong foundation.”
Guise is an engineer who has developped several cutting edge inventions now under patent before now he had worked as Security Leader at Square.
Thomas Templeton is Square’s General Manager, Hardware.
Those interested in collaborating in this project should contact with Square team by e-mail, pointed Jesee Dorogusker.
Bitcoin first and mobile use oriented
About the first ideas to start off the development ofthis product-service Dorogusker advanced: “we’ll start with this product direction: bitcoin first, global distribution, multisig to achieve “assisted-self-custody,” and prioritizing mobile use.
From the beginning Dorsey underscored the open aprroach for this project: “we would build it entirely in the open, from software to hardware design, and in collaboration with the community.”