Earlier this year, Twitter CEO Jack Dorsey, who is also the founder and CEO of fintech company Square, announced his plans to develop a hardware wallet to store Bitcoin. Now, citing the rise in the value of Bitcoin, Dorsey has announced that Square is looking to build an open-source Bitcoin system to make the cryptocurrency “more mainstream” and accessible to everyone.
The Square CEO also pointed out the fact that the current Bitcoin mining process does not focus enough on vertical integration. So, with the combination of a hardware wallet and an open-source mining system for Bitcoin, Square aims to improve the mining sector and make it more decentralized.
