By Jack Dorsey, Twitter CEO recently purchased his first crypto hardware wallet using Bitcoin to complete the transaction.
In a Tweet posted by Dorsey on Thursday the Twitter head honcho stated:
“Just bought a @Trezor hardware wallet with Bitcoin through @CashApp.”
As per the tweet, Dorsey utilised his company’s CashApp to buy his Trezor wallet using Bitcoin to complete the purchase which further strengthens his previous sentiments about becoming a devoted patron of Bitcoin and the cryptocurrency community.
The Twitter CEO has been making waves in the crypto community lately. Most recently, he appeared on the Joe Rogan podcast where he discussed Bitcoin and cryptocurrency and said he believes that Bitcoin is to become the internet’s “native currency” all the while promoting Square’s CashApp.
Users are able to purchase Bitcoin via Cash App and use the cryptocurrency as payment at vendors which is something that Dorsey has implied doing before participating.
Dorsey commented on the Cash App revealing:
“The reason we enabled the purchasing of Bitcoin within the app is we wanted to learn about the technology and we wanted to put ourselves out there and take some risks.”
Hardware Wallets In A Nutshell:
Currently, Trezor is hailed as the world’s number one hardware wallet product manufacturers.
Simply put, a hardware wallet is a storage device for the use of storing digital currencies. As opposed to mobile or desktop wallets, hardware wallets operate offline. Of course, this provides additional security as it reduces the risk of malicious attacks compromising the device.
In a nutshell, a hardware wallet is in many ways similar to an external storage device such as flash drive or HDD. Users are able to plug and play into desktop computers and laptops as needed.
Furthermore, hardware wallets are not only able to store crypto but also private keys which reduces the risk of them falling into malicious hands.
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