The co-founder of Block has confirmed that his team “is working on” integrating Bitcoin as a payment option for Bitkey and Square.
Key Takeaways:
* Jack Dorsey, co-founder of Block, has confirmed that his team “is working on” integrating Bitcoin as a payment option for Bitkey and Square.
* In response to an X user’s question about the delay in enabling Bitcoin payments across Block’s services, Dorsey stated that the process is not "a simple flip of a switch."
* While Dorsey affirmed the company’s commitment to integrating Bitcoin payments, he did not provide a specific timeline for the rollout.
* Founded by Dorsey and Jim McKelvey, Block, Inc. owns and operates a diverse portfolio of products and services, including Square, Cash App, Afterpay, Tidal, Bitkey, and Proto.
* Bitkey is a self-custody Bitcoin hardware wallet that allows users to manage and store their Bitcoin securely without relying on third-party exchanges or custodians.
* The wallet was launched in late 2023, around four years after the launch of Square as a comprehensive point-of-sale solution.
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