2 min read

Tech Mogul Jack Dorsey Unveils New Hardware Wallet Prototype

By News Desk

Former Twitter CEO Jack Dorsey has revealed plans for a new hardware crypto wallet.

On Wednesday, Dorsey’s Block, formerly known as Square, released photos of a prototype for the new wallet which look like hexagonal river rocks that you could hide in your garden.

Block’s hardware lead, Jesse Dorogusker, tweeted a photo of the collection today. The wallets appear to have fingerprint identification features and USB ports.

Though neither Dorogusker nor Dorsey specifically said anything about the images, we can assume they are the hardware wallet that Block announced it was working in June of last year.

As per The Verge:

“In a statement emailed to The Verge, Lindsey Grossman, head of product, marketing, and partnerships for Block’s wallet said that the images were ‘some prototypes we are experimenting with for the hardware component of the wallet, which also will include a mobile app and a set of self-serve recovery tools.’ She also mentioned that the company would share ‘future explorations, which doesn’t help us narrow down how close these prototypes are to becoming a real product.”

In a blog post last month, Block also said that the new wallet will come with its own mobile applications to help users manage their Bitcoin.

“We’re building a combination of hardware and a mobile application that will let you choose how you want to balance the convenience of using the app for transfers and the security of requiring the hardware for authorizing higher stakes money movement,” the company said.

“This means that the hardware is only one part of the experience – in fact, only a small part. Customers will primarily manage their money by interacting with the mobile application we’re building, and will only need to interact with the hardware in combination with the mobile app to authorize larger, less frequent transactions above an amount of their choosing.”

Newsletter Inline

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Latest Posts

FTX vs FTX US Review
FTX vs FTX US: Which one is BEST for You?
FTX vs FTX US Review

FTX vs FTX US: Which one is BEST for You?

June 27, 2022 14 min read
Bancor Review
Bancor Review: Impermanent Loss Protector?
Bancor Review

Bancor Review: Impermanent Loss Protector?

June 22, 2022 15 min read
Bridge Mutual Review
Bridge Mutual: Insurance for your Crypto
Bridge Mutual Review

Bridge Mutual: Insurance for your Crypto

June 22nd, 2022 22 min read
Serum Review
Serum Review: Solana’s One-Stop DeFi Toolbelt
Serum Review

Serum Review: Solana’s One-Stop DeFi Toolbelt

June 16, 2022 17 min read
Raydium Review: Solana’s DeFi Liquidity Mammoth

Raydium Review: Solana’s DeFi Liquidity Mammoth

June 11, 2022 17 min read
crypto com
Crypto.com Exchange Review 2022: A World-Class Crypto Exchange
crypto com

Crypto.com Exchange Review 2022: A World-Class Crypto Exchange

June 14th, 2022 30 min read
OKX invests in WAX
OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX
OKX invests in WAX

OKX Blockdream Ventures Invests Millions in GameFi and NFT Development on WAX

June 3, 2022 2 min read

Related Posts

Binance partners with the weekend
Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour
Binance partners with the weekend

Binance Partners with The Weekend to Provide First-Ever Web 3 Enhanced World Tour

June 3, 2022 2 min read
21Shares Releases Sixth State of Crypto Report
21Shares Releases Sixth State of Crypto Report: Summary
21Shares Releases Sixth State of Crypto Report

21Shares Releases Sixth State of Crypto Report: Summary

June 2, 2022 3 min read
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand
Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

Algorand and MakerX Commit 1M Algo to Migrate Terra Users to Algorand

June 2, 2022 2 min read
Regulators are “Not Allowing” Banks to Engage with Crypto
Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto
Regulators are “Not Allowing” Banks to Engage with Crypto

Bank of America CEO: Regulators are “Not Allowing” Banks to Engage with Crypto

June 1, 2022 2 min read
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution
US Conference of Mayors Introduces Blockchain Resolution

US Conference of Mayors Introduces Blockchain Resolution

June 1, 2022 2 min read
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40Increase
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40% Increase
Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40Increase

Tron Passes AVAX and SOL in TVL, Claiming 3rd Spot After 40% Increase

May 31, 2022 3 min read
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours
All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours

All Eyes on Bitcoin as $60 Billion Flows into Crypto in 24 Hours

May 31, 2022 2 min read