Jack Dorsey's Company Launches Btc Wallet.
- Posted on December 8, 2023 3:49 AM
- Cryipto News
- 154 Views
Jack Dorsey's company-developed Bitcoin wallet named Bitkey has opened for pre-orders after a long wait. This wallet can be purchased from over 95 countries worldwide, with deliveries scheduled for March. The purpose of the wallet is to provide users with an easy and secure way to manage their Bitcoins.
Jack Dorsey, in a post from his account X, called on users to "withdraw their Bitcoin from exchanges." He has previously stated that one of his long-term goals is to contribute to the development of Bitcoin and, in that regard, to develop an easy-to-use Bitcoin wallet.
Thomas Templeton, a top executive at Bitkey, expressed their belief that customers would want to keep ownership and control of their assets in the future. He emphasized that this provides mental comfort and enhances independence, giving individuals control over Bitcoin.
Bitkey will be connected to cryptocurrency exchanges and payment services, allowing users to transfer between these platforms through the wallet. The wallet will be protected with three passwords and will operate according to multi-signature rules, ensuring that the customer cannot access their assets. Additionally, features for buying and selling through the wallet will be introduced shortly after the product is launched. Partnerships with platforms like Coinbase and Cash App are also planned at this point.
Elon Musk responded to Jack Dorsey's Bitcoin-related post on Twitter. Jack Dorsey had called on users to withdraw their Bitcoins from exchanges in his post. Musk replied to this post with the statement, "Not your keys, not your coins," emphasizing the need to withdraw crypto assets from exchanges and keep them in private wallets for secure storage.
Many crypto users today prefer to withdraw their crypto assets from exchanges and store them in cold storage wallets due to security concerns. This allows users to control their private keys and ensure the security of their assets.
The comments and recommendations of influential figures in the crypto world, especially those like Elon Musk, can have a broad impact on the crypto community and influence the decisions of investors due to their large follower base.