* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Block’s wallet will have a fingerprint sensor, not a screen

Date:

Share post:

Payments firm Block is planning to include a fingerprint sensor in its forthcoming crypto wallet design, according to a Friday product update.

Block first announced its plans to build a hardware wallet in July of last year. At that time, the firm said the wallet would offer multi-signature transactions, which require two or more private keys to sign and send the transaction.  

In October, Block issued the first of its update posts, which would give insight into the development of the product. In that notice, it said it was building a combination of hardware product and mobile application. The idea is that customers will primarily use the app, and leverage the hardware in combination with the app for larger transfers.

Today, the firm issued an additional update post, sharing that the wallet hardware would include a fingerprint sensor as an alternative to passwords and seed phrases. 

“For transactions that require using the wallet hardware, we want our customers to be able to unlock their wallets securely, but with ease – an unlikely combination that historically has not…

Read more…

Related articles

US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg

In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about...

Ukrainian fintech helping startups with wartime finance raises $1 million

Fuelfinance, a Kyiv-based fintech that develops financial management and planning software for startups, has raised $1 million, mostly...

Powell Won’t Break S&P 500 Rally; Wage Growth Eases

If markets are right, tomorrow's Fed meeting policy statement will announce the next-to-last rate hike of the cycle,...