Square Crypto looking to make Bitcoin wallets user-friendly

2020-11-3 15:23

The subsidiary recently awarded a grant to a developer aiming to make crypto wallets more accessible to everyone

The user-friendly crypto wallet will help increase crypto adoption and give newbies a gentle curve when they join. The company posted the news via Twitter, revealing that Maggie Valentine, a designer from blockchain start-up she256, was the beneficiary of the grant. The outcome of the project will be posted in the Bitcoin Design Guide under ‘Best Practices.’

The announcement posted by the company read, “Giving trick-or-treaters Open Dimes and Square Crypto grants this year. Speaking of which, this one goes to Maggie Valentine (@magglevalentine), a designer working to simplify wallet onboarding flows by reducing technical jargon and increasing user education”.

Valentine is tasked with researching the usability of Bitcoin by even the most basic user. She will also explore the intricacy involved in the user-experience of the wallets.

An excerpt from her proposal to Square reads, “…The current state of products and experiences within this industry creates strong barriers to entry; wallet onboarding flows are often saturated with technical jargon, unfamiliar user concepts, and little-to-no education. Unless equipped with a technical background, users are often deterred from reaping the benefits this technology has to offer”.

Valentine highlighted private keys and seed phrases as the main stumbling blocks to potential investors who are not crypto savvy. The grant will help her investigate the overall users’ behavior in regards to the aforementioned elements that are crucial to Bitcoin’s non-custodial storage.

The project’s thesis is founded on Valentine’s past work with Celo, an open platform whose goal is to establish a financial system that will ensure the prosperity of every individual. Valentine worked as a product design intern at Celo between June and September.

The previous grant awarded by Square Crypto (to Riccardo Cassata) was announced on Oct 23rd – about a week before the current one.  The grants demonstrate Square’s effort in pushing for the wider adoption of crypto, particularly Bitcoin.

Square is headed by Twitter’s CEO and Bitcoin advocate Jack Dorsey.  Last month, Square announced it had invested a sum of $50 million in crypto by purchasing 4,709 BTC.

The post Square Crypto looking to make Bitcoin wallets user-friendly appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.008293 (-100%)

make wallets crypto square user-friendly bitcoin looking

Источник: coinjournal.net

make wallets → Результатов: 126


Фото:

Cryptopia Liquidators Make Progress, $7 Million Currently Held for Repayment

Cryptopia, the now-defunct New Zealand-based cryptocurrency exchange, was hacked in January 2019 — with around $16 million stolen from the exchange coffers. So far, customers have had to wait almost a year for repayment — due, in large part, to the fact that Cryptopia did not allocate customers with individual wallets and, instead, co-mingled funds […] The post Cryptopia Liquidators Make Progress, $7 Million Currently Held for Repayment appeared first on BeInCrypto.

2019-12-12 15:12


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


Фото:

Burner Wallets: A Safe Way To Buy Dinner With Ether

When mainstream adoption? That question has been on hodlers’ minds ever since Bitcoin’s inception. The most common trope centers around buying a cup of coffee using Bitcoin. In an effort to onboard new users, and to make it easier to buy a cappuccino with crypto, Ethereum developer Austin Griffith created the Burner Wallet in November […] The post Burner Wallets: A Safe Way To Buy Dinner With Ether appeared first on Crypto Briefing.

2019-3-26 01:05


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


Фото:

Lightning Loop Lets Users Empty Lightning Channels Without Closing Them

Lightning Labs, the development team working to grow the Lightning Network, just released the alpha version of a new protocol called Lightning Loop. Lightning Loop is designed to give users the ability to deposit and withdraw bitcoin from their payment channels (the two-way payment gateways that allow users to send and receive funds to and from each other) without closing these channels entirely.

2019-3-22 20:32


Cryptocurrency Tracker Apps: An Overview and the Commercialization Problem

Several years into the cryptocurrency era, many users and enthusiasts have faced a peculiar issue: managing their various crypto assets required a degree of automation. It’s hard to keep track of everything that blooms in your crypto garden: on the one hand, many of us have accounts on more than one crypto exchange and wallets scattered across many blockchains; on the other, a large number of ICO investors and HODLers need ready access to their numbers.

2019-3-5 19:13


Highlighting Importance of Crypto Custody, BitGo CEO Says Assets Shouldn’t Be Held by Exchanges

Preserving and protecting cryptocurrency funds in a digital wallet is fairly common, and there are many investors that end up choosing hardware wallets as a further level of protection. While it is not uncommon for investors to hold their assets at an exchange, a recent interview with CEO Mike Belshe of BitGo may make investors […]

2019-2-27 00:10


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru