Twitter and Square Inc CEO Jack Dorsey seems to have doubled down his efforts on Bitcoin development and is very much bullish on the future of Bitcoin (BTC). Speaking at the ongoing Bitcoin 2021 Conference Dorsey said that Bitcoin is probably the single most important thing to work on in his lifetime.
“Bitcoin changes absolutely everything. I don’t think there is anything more enabling for people around the world. I don’t think there is anything more important in my lifetime to work on,” said Dorsey.
Dorsey has also been quite active on the development side of Bitcoin and being part of the ecosystem. Earlier in February 2021, Dorsey also announced the launch of his own Bitcoin “node” software. This node helps him in validating transactions and blocks on the Bitcoin network.
During the recent conference, Dorsey also added that Bitcoin holds the potential of creating a unique financial infrastructure that’s more inclusive and supports the underserved community across the world. Besides, Dorsey also sees BTC as a tool for people to protect their money.
To further push the development of Bitcoin in countries like India and Africa, Jack Dorsey in collaboration with Shawn “Jay-Z” Carter announced a multi-million Bitcoin fund for developers in February 2021. Dorsey’s love for Bitcoin goes above and beyond. Speaking at the Bitcoin 2021 Conference, Dorsey said that he can probably leave Twitter and Square, if Bitcoin needed more attention.
In fact, “if I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin,” he said. “But, I believe both companies have a role to play.”
Square Workin on a Bitcoin Hardware Wallet
Jack Dorsey’s Sqaure Inc which has already invested over $150 million in BTC over the last year is now doubling down its efforts to build a Bitcoin hardware wallet. The announcement came earlier on Friday, June 4. Jack Dorsey himself made the announcement on his Twitter feed.
In his continued tweets, Dorsey also mentions some of the key aspects of the Bitcoin wallet like security being the top priority. Dorsey said that he wants to simplify the self-custody of Bitcoins and thus they would be building an inclusive solution for all.
Of course, Sqaure Inc shall be integrating its popular Cash App with its hardware wallet thereby making the Bitcoin buying and storing process absolutely seamless.