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Square Funds Designer to Make Crypto Wallets Usable by Anyone, even the most crypto-ignorant

Square Funds Designer to Make Crypto Wallets Usable by Anyone, even the most crypto-ignorant



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  1. **Square Crypto, the cryptocurrency arm of the payments company, said in a** [**tweet**](https://twitter.com/sqcrypto/status/1322216609486950401?s=20) **Friday it has awarded a grant to a designer who’s trying to make bitcoin wallets usable by anyone, regardless of technical proficiency.**

    * The work Square Crypto will be funding will seek to answer a question the grant recipient, [Maggie Valentine](https://www.linkedin.com/in/margaret-maggie-valentine-241998156/), put forward in a [proposal,](https://docs.google.com/document/d/1D9YqftD0UnhXqd-ZwDpzvpA6c9uYA5Ez_fdAfvolNZ0/edit) namely: *”How can we provide an intuitive experience for non-crypto users while preserving the security of a user’s funds?”*
    * The award comes less than a month after Square, which is helmed by Twitter CEO Jack Dorsey, [said](https://www.coindesk.com/square-buys-50m-in-bitcoin) it had purchased 4,709 bitcoins for $50 million, representing 1% of the firm’s assets.
    * The grant seems to be in line with statements made by company CFO Amrita Ahuja at the time Square’s investment was announced: “We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” Ahuja said. “For a company that is building products based on a more inclusive future, this investment is a step on that journey.”
    * A more inclusive future that includes bitcoin would also seem to be a profitable one for Square. The company’s Cash App has been a major [revenue driver](https://www.coindesk.com/bitcoin-drove-half-of-squares-cash-app-revenue-in-the-4th-quarter) for the publicly traded fintech.

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