- Block, led by Jack Dorsey, introduces Bitkey, a $150 Bitcoin hardware wallet.
- The wallet is currently available for pre-order in over 95 countries including US, UK, Nigeria, and India.
- Customers won’t receive their hardware devices until 2024.
In a groundbreaking move, Block, spearheaded by former Twitter CEO Jack Dorsey, has unveiled Bitkey, a secure and user-friendly Bitcoin hardware wallet.
Priced at $150, Bitkey is available for pre-order in over 95 countries, marking a significant stride in global accessibility. This strategic move aligns with Dorsey’s steadfast commitment to advocating for Bitcoin and its transformative potential in digital transactions.
We’re excited to announce people in 95+ countries can now pre-order Bitkey!
Bitkey is the self-custody bitcoin wallet with an app to send on the go, hardware to protect your savings, and recovery tools in case you lose your phone, or hardware, or both. https://t.co/OR60vH6InG pic.twitter.com/5UbjkhePc3
— Bitkey (@BitkeyOfficial) December 7, 2023
Bitkey hardware wallet
Block’s latest venture, Bitkey, emerges as a cutting-edge Bitcoin hardware wallet designed to meet the growing demand for secure and accessible cryptocurrency storage.
With a global reach covering more than 95 countries, the device positions itself as a pivotal player in the push for Bitcoin adoption on a worldwide scale. The inclusion of essential recovery tools, a charging cable, and a compatible mobile app further enhance the utility of Bitkey.
Block’s global expansion
Under Jack Dorsey’s leadership, Block strategically targets key markets, including the United States, Canada, the United Kingdom, Nigeria, Argentina, Mexico, and India. These regions are identified as having significant potential for long-term Bitcoin savings and cross-border payments.
Dorsey’s vision extends beyond commercial success, emphasizing Bitcoin’s role in democratizing financial access globally. Bitkey’s availability in diverse regions aligns with this vision, showcasing Block’s commitment to addressing payment and economic challenges on a global scale.
While Block’s primary revenue streams stem from Cash App and Square business payment solutions, the introduction of Bitkey underscores Jack Dorsey’s unwavering commitment to Bitcoin. This commitment is rooted in a belief that Bitcoin serves as a tool to democratize financial access, particularly in developing countries.
Block’s journey, from its integration of Bitcoin into Cash App in 2018 to the launch of Bitkey, signifies a calculated and purposeful approach to advancing the adoption and impact of Bitcoin in the world of digital finance.