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213:, meaning there were three keys in the system, but any two of them needed to work together to approve transactions and recovery actions. The customer always held two keys — the one in the mobile app and the one in the hardware device — while Block held one, so the company could never move money without a customer’s involvement. Bitkey also offered integrations with custodial platforms such as
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150. At the time of launch, the company presented Bitkey as a "self-custody" wallet, enabling users to store
Bitcoin independently from "custodial platforms" or cryptocurrency exchanges, thereby reducing reliance on third-party custodians. Furthermore, Block stated that, in contrast to other
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Jack Dorsey announced in June 2021 that Block was in the process of creating a cryptocurrency wallet. By April 2022, the company had released images of the wallet's hardware component, referred to as "Rocky" by Dorsey. This component was described to include a
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for securing their
Bitcoin. Bitkey included a mobile app, a hardware device, and a set of recovery tools in case the customer loses the phone, their hardware or both. In March 2024, Block started shipping the Bitkey hardware device in over 95 countries.
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sensor. For executing a transaction, the user would have to initiate a command on the Bitkey mobile app and then confirm the transaction by touching the fingerprint sensor on the device and tapping the device to the mobile phone via
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stated in July 2023 that Block was imparting Bitkey a "minimalistic" and "sleek" design with no screen interface on the hardware device itself. The only interactive element on the device would be a
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or "custodial platforms". The wallet includes a mobile app, a hardware device, and a set of recovery tools in case the customer loses the phone, their hardware or both.
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154:. Block launched Bitkey in December 2023, taking pre-orders in 95 countries, and started shipping it in March 2024.
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Block officially launched Bitkey on
December 7, 2023 in 95 countries, making it available for pre-orders for
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362:"Jack Dorsey's Block is building a sci-fi style crypto wallet to keep Bitcoin safe. Here's how it works"
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59:
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277:"Jack Dorsey's Block opens up preorders for Bitcoin hardware wallet Bitkey in more than 95 countries"
408:"Behind the Build: Self-Custody Solution Bitkey Offers Bitcoin Owners Greater Safety and Control"
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Bitkey allows investors to own, manage and store their
Bitcoin without relying on third-party
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312:"India has a good mix of Bitcoin use cases; is way more tech savvy: Block Inc's Max Guise"
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self-custody options, the wallet would not require users to memorize lengthy passwords or
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to facilitate transferring
Bitcoin from those platforms to Bitkey.
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247:"Block Inc launches self-custody bitcoin wallet Bitkey in India"
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According to Block in
December 2023, Bitkey was a two-of-three
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337:"This might be Jack Dorsey's "rockey" hardware crypto wallet"
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Sureban, Haripriya; BL Bengaluru Bureau (2023-12-07).
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387:"Block Debuts Self-Custody Bitcoin Wallet Bitkey"
16:Bitcoin cryptocurrency hardware wallet product
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40:The Bitkey hardware device and mobile app
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150:, an American company founded by
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360:Adhikary, Mukesh (2023-07-24).
310:Ghosh, Debangana (2024-03-13).
406:McClure, Olivia (2023-12-20).
335:Clark, Mitchell (2022-04-06).
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69:December 7, 2023
275:Weiss, Ben (2023-12-08).
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191:Near Field Communication
159:cryptocurrency exchanges
385:PYMNTS (2023-12-07).
211:multisignature wallet
60:Cryptocurrency wallet
129:https://bitkey.world
92:Operating system(s)
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525:Amrita Ahuja (CFO)
172:fingerprint reader
139:is a self-custody
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520:Jim McKelvey
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466:Subsidiaries
415:. Retrieved
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203:seed phrases
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550:Block, Inc.
514:Jack Dorsey
459:Block, Inc.
412:builtin.com
186:fingerprint
152:Jack Dorsey
148:Block, Inc.
146:created by
86:Model BK001
66:Launch date
50:Block, Inc.
539:Categories
522:(Director)
507:Executives
417:2024-02-07
392:2024-02-08
371:2024-02-08
346:2024-02-08
321:2024-03-15
293:2024-02-08
256:2024-02-07
225:References
73:2023-12-07
341:The Verge
46:Developer
483:Cash App
473:Afterpay
219:Coinbase
215:Cash App
545:Bitcoin
282:Fortune
193:(NFC).
165:History
141:Bitcoin
124:Website
118:US$ 150
97:Android
71: (
498:Weebly
488:Square
478:Bitkey
174:and a
137:Bitkey
110:Active
107:Status
20:Bitkey
516:(CEO)
493:Tidal
284:(via
176:USB-C
217:and
198:US$
56:Type
101:iOS
541::
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302:^
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233:^
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