Summary
Block has released its self-custodial Bitcoin wallet, Bitkey, which allows users to store Bitcoin and control their private keys. The rock-like wallet is integrated with Coinbase and Cash App, and can be bought for $150 with fiat currency. The device’s website emphasizes the importance of users having full control of their funds. CEO Jack Dorsey recommends keeping Bitcoin off exchanges and storing it in a self-custodial wallet like Bitkey.
Key Points
1. Block has released a self-custodial Bitcoin wallet called Bitkey, which allows users to store Bitcoin and control their private keys.
2. Bitkey is now being shipped to customers who preordered the product last year and is integrated with American crypto exchange Coinbase and payments app Cash App for direct buying of Bitcoin.
3. Priced at $150, Bitkey can only be purchased using fiat currency, like US dollars, via a traditional credit or debit card.