Block Inc. Launches Self-Custody Bitcoin Wallet Bitkey in Over 95 Countries

The wallet offers a three-tier security system and integrates with Cash App and Coinbase, with shipping set to start in early 2024.

Block Inc., led by Jack Dorsey, has launched its self-custody Bitcoin wallet, Bitkey, for pre-order in over 95 countries.
Bitkey relies on a three-tier security key system, with a mobile app for transactions, a hardware device for secure storage, and a recovery key on Bitkey's servers.
The wallet is designed to integrate with Block's payment platform Cash App and the crypto exchange Coinbase, allowing Bitcoin transactions within the app.
Self-custody wallets like Bitkey have gained prominence following the collapses of several centralized crypto platforms, including FTX, Voyager, and Celsius.
Pre-orders for Bitkey are open now, with shipping expected to start in early 2024.