The post Jack Dorsey Launches Bitkey Bitcoin Self-Custody Wallet appeared on BitcoinEthereumNews.com.

In a move aimed at democratizing access to self-custody for Bitcoin, Block, Inc., led by CEO Jack Dorsey, has finally launched the pre-order for its new self-custody wallet, Bitkey, according to a press release. move your bitcoin off the exchanges: https://t.co/x1oLkjhs0H — jack (@jack) December 7, 2023 This new Bitcoin wallet seeks to redefine ownership and security for BTC holders worldwide. Launching today across more than 95 countries spanning six continents, Bitkey aims to empower users by providing easy and secure management of their Bitcoin. Currently, a vast majority of Bitcoin owners store their holdings on custodial platforms or exchanges, relinquishing control to these intermediaries.  Bitkey aims to offer a new custody solution by introducing a multi-faceted approach to self-custody without the complexities associated with traditional hardware wallets. See Also: Robinhood Launches A Commission-free Crypto Trading App Bitkey comprises a mobile app, hardware device, and comprehensive recovery tools, catering to both seasoned and novice Bitcoin enthusiasts.  The Proto team at Block, led by Thomas Templeton, emphasized the significance of self-custody in fostering a better financial landscape. “The bitcoin decentralized payments network has the potential to create a more inclusive financial system for all, especially those who have traditionally been underserved,” Templeton said.  “In the future, we believe customers will demand ownership and self-custody because it brings peace of mind, reduces dependence on any one entity, and puts individuals in control of their own bitcoin. With Bitkey, we are building a safe and easy way for people all around the world with different levels of experiences with bitcoin to take control of their finances on their terms.” The key feature of Bitkey is its 2-of-3 multi-signature design, eliminating the need for long, cumbersome passwords or seed phrases.  This system employs three keys to secure Bitcoin, requiring any two keys to authorize…

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Filed under: News - @ December 9, 2023 3:06 pm