Posted 3/13/2024, 3:13:00 PM
Block Ships Bitcoin Wallet Bitkey With Enhanced Security Features After 4-Month Wait
- Jack Dorsey's fintech company Block has started shipping its new bitcoin wallet Bitkey after 4 months of taking pre-orders
- Bitkey is a hardware device, phone app, and recovery tools that together secure users' bitcoin
- It will connect to Block's Cash App and Coinbase to allow buying/selling bitcoin within the app
- Bitkey uses 3 keys to secure funds - on the device, phone app, and Bitkey's servers
- If users lose device and phone, "Trusted Contacts" can verify recovery requests to restore access
