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DORSEY’S BLOCK SIGNALS 2022 BITCOIN PLANS. Facebook wasn’t the only company that underwent a blockchain inspired name change in 2021.
Square, the small business geared payments company headed by Jack Dorsey changed its name to “Block.”
The company has signaled its ambitions to produce “the next generation of mining ASIC” and create a hardware wallet for the next 100 million Bitcoin (BTC) users.
The news, encapsulated in two recent job advertisements on LinkedIn, was reported by Cointelegraph.com.
The two positions are situated in Block’s San Francisco headquarters and were published to the job posting site on Monday.
The applicant for the position of custom digital design lead will assist with “silicon validation of the ASIC and its prototype.” The greatest choice for Bitcoin network security is an ASIC, which is a tiny processor specialized to Bitcoin mining. Block intends to create purpose-built ASICs for BTC mining, according to the latest job offering.
The second job is as the worldwide fulfillment and logistics head for the hardware wallet. “Bringing easy-to-use, trustworthy self-custody to a worldwide audience” is at the heart of the task. Block hopes to deliver its hardware wallets to over 100 nations in the end.
Square said in July that it was working on a ‘assisted custody’ BTC hardware wallet. The plans look to be coming together presently.
Companies under the Block corporate group, including Square, CashApp, Spiral and Tidal (a music streaming service) appear committed to increasing Bitcoin use.