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Once again, Square Crypto appears with a financial grant. As already announced, the aim is to make Bitcoin wallets more user-friendly. Designer Maggie Valentine won the contract.
As early as the summer of 2019, Square Crypto made it clear that the design of Bitcoin wallets urgently needs to be worked on. While Bitcoin enthusiasts and techies have no problem dealing with the concepts behind it, a wallet can be quite a challenge for the average user.
Problems arise here that have a direct impact on the security of the capital invested in Bitcoin. After all, concepts such as the relationship between private key and public key must be understood and then implemented correctly, since a Bitcoin wallet makes the user responsible by self-custody.
This is exactly what Valentine’s approach is, because she wants to design a Bitcoin wallet that is suitable for all beginners without sacrificing security and convenience. This should make it easier for more people to gain access to Bitcoin in the long term or even enable it. When you consider how many requests to speak on social media or in forums revolve around the fact that someone has lost access to their BTC, the plan makes perfect sense and is commendable.
Square Crypto funds developers
This is not the first time Twitter CEO Jack Dorsey’s company has made an appearance. Square Crypto regularly gives grants to companies and developers who strengthen the Bitcoin ecosystem and often do this work with no prospect of payment.
For example, BTCPay servers were funded with $ 100,000, which was certainly an important step in keeping a project alive that would allow every shop and company to accept Bitcoin. The shops and companies that use the software do without middlemen and benefit from a professional application.
How high the funding for Valentine will be is not yet known. So far, Square only left Spread the good news on Twitterthat you want to support the designer with a grant.