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Images leaked by a beta tester yesterday provide the first look at Block’s new Bitcoin hardware wallet, which was first announced in 2022 and features a small hexagonal device completed with a fingerprint scanner.
In previous reports, Dorsey hinted at the company’s vision for a hardware wallet and emphasized the importance of customers maintaining full control of their Bitcoin assets.
Block’s hardware wallet is expected to be competitively priced, allowing more people to join the crypto ecosystem without disrupting their bank accounts.
Block, the company founded by former Twitter CEO Jack Dorsey, is preparing to launch its Bitcoin wallet in the near future: Images have been leaked!
Block Prepares for Bitcoin Wallet Launch
It appears that financial services giant Block is getting closer to unveiling its first Bitcoin hardware wallet. Images leaked by a beta tester yesterday provide the first look at Block’s new Bitcoin hardware wallet, which was first announced in 2022 and features a small hexagonal device completed with a fingerprint scanner, adding an extra layer of biometric security to the device.
This announcement follows a series of hints and signals from Block, the financial services company founded by former Twitter CEO Jack Dorsey. Block’s entry into the hardware wallet market comes at a time when Bitcoin security and self-custody are of utmost importance.
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The mismanagement of the exchange by Bankman-Fried contributed to the loss of billions of dollars worth of customer crypto assets, which would not have been affected had users controlled the private keys to these assets.
In previous reports, Dorsey gave hints about the company’s vision for a hardware wallet and emphasized the importance of customers maintaining full control of their Bitcoin assets. The device is expected to align with this philosophy and is predicted to allow users to securely manage their Bitcoin assets independently.
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Image of the wallet leaked on Twitter
In line with this, Block’s hardware wallet is expected to be competitively priced, allowing more people to join the crypto ecosystem without disrupting their bank accounts. Hardware wallets currently on the market generally retail for between $50 and $100, but prices can vary depending on the model and construction.
BITKEY
The first glimpse of the hardware wallet provides an exciting look at what’s to come, but the Bitcoin community eagerly awaits more details, including the release date, pricing, and additional features.
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Block’s foray into the hardware wallet space has the potential to make a significant impact, solidifying the company’s position as a key player in the industry.
