Jack Dorsey’s Block has announced the full, global rollout of Bitkey – the firm’s self-custodial Bitcoin (BTC) wallet – in a bid to encourage HODLers to take full control of their coins.
“Move your Bitcoin off the exchanges,” said Dorsey via X (formerly Twitter) on Thursday, attaching a link to Bitkey’s website which is currently selling the wallets for $150 apiece.
Bitkey’s Unique Security Model
Per a press release from Block on Thursday, Bitkey’s rollout is available to ninety-five countries across six continents including the United States, Canada, Argentina, Brazil, Chile, El Salvador, and others.
The wallet’s product suite includes a mobile app for users to manage their funds, and a biometrically secured hardware device for storing a private key.
As a “multi-signature” wallet, moving coins from a Bitkey requires permission from two of three keyholders: the hardware device, the user’s phone, and Block itself. This security model is intended to protect user
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