New images of BitKey, a Bitcoin wallet developed by Jack Dorsey

84
2
New images of BitKey, a Bitcoin wallet developed by Jack Dorsey

New images have surfaced of a Bitcoin wallet, BitKey, currently being developed by Jack Dorsey's company, Block Inc, as reports suggest that the product's beta is nearing its distribution stage.

Several sources have shared an identical picture of the product, BitKey. The first known incident was shared by Bitcoin Magazine contributor Alex McShane, who posted this image to Twitter/X on Oct. 3:

The image also mentions Block Inc.'s chairman, chairman, and cofounder Jack Dorsey, in its attributions, though it does not appear to have origins with Dorsey himself.

In 2022, similar images of the wallet surfaced when Jesse Dorogusker, Bitcoin hardware leader at Block Inc., posted a photo containing several versions of the device.

BitKey's status has not been revealed, but Block Inc. has not spoken on the current state of BitKey's beta shipments. In June, the company said it would accept beta applications over the course of the month, noting that testers would receive the beta product for free.

Users can now join a waitlist to be informed when the product is released to the general public.

In recent statements and reports, the BitKey wallet is designed with self-custody in mind, ensuring that users have full control over their cryptocurrency balance. The device also boasts several additional features, such as a built-in rechargeable battery and fingerprint verification. BitKey also announced Block Inc.'s own Cash App and the independent cryptocurrency exchange Coinbase as partners.

Since at least 2021, Block Inc. has been working on its hardware wallet. The company is also involved in cryptocurrency, holding $220 million of Bitcoin, creating an open mining kit, and offering Bitcoin buying and selling through its Cash App.