The payment giant’s new wallet will be powered by a rechargeable lithium polymer battery and USB-C port.Read MoreFeedzy
Payments firm Block (SQ), formerly known as Square, said that the bitcoin wallet it is building will enable fingerprint sensors for transactions, according to a company blog post on Friday.
“For transactions that require using the wallet hardware, we want our customers to be able to unlock their wallets securely, but with ease – an unlikely combination that historically has not existed in the market,” the company said in the post.
The hardware component of the wallet will use a rechargeable lithium polymer battery and USB-C port to power the device.
The wallet will not have a display as Block said it doesn’t want to create a new interface that customers will need to learn in order to use the wallet.
Block first announced last July that it was moving forward with plans to build a bitcoin hardware wallet.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Yes, you read the title correctly, and it does appears contradictory. As bitcoin (BTC) nears…
Bitcoin (BTC) pared last week’s gains with a price drop from $98,500 to as low…
Howard Lutnick, chairman of Wall Street trading firm Cantor Fitzgerald, is in discussions with Tether's…
MicroStrategy's (MSTR) bitcoin (BTC) treasury model is unparalleled and the company is expected to attract…
The crypto market should see a pick up in volatility at the end of this…
Bitcoin Development Company MicroStrategy (MSTR) added 55,500 of the largest cryptocurrency for $5.4 billion, bringing…