tl;dr
In an effort to decentralize the bitcoin network, payments company Block (NYSE:SQ) has introduced a new hardware wallet, Bitkey, that allows users to self-custody their tokens. This move marks significant progress in the push for ownership and self-custody of crypto assets, as it puts individuals in...
In an effort to decentralize the bitcoin network, payments company Block (NYSE:SQ) has introduced a new hardware wallet, Bitkey, that allows users to self-custody their tokens. This move marks significant progress in the push for ownership and self-custody of crypto assets, as it puts individuals in control and reduces dependence on external entities.
The prevailing issue of the bulk of crypto assets being held on exchanges, under the control of custodians rather than owners, is addressed by the introduction of the Bitkey hardware wallet. This advancement allows users to connect with crypto exchanges and payment services, facilitating seamless transfer of tokens between platforms. Further, Block's commitment to making the Lightning Network more reliable for all users through its bitcoin-focused division reflects ongoing efforts to enhance the cryptocurrency ecosystem.
More about Block Inc
Block Inc and Square, Inc. are both in the technology sector, specifically in the services-prepackaged software industry. Block Inc has a market capitalization of $42.23 billion and Square, Inc. has a market capitalization of $20.79 billion. Block Inc has a negative EPS of -0.46, while Square, Inc. has a positive EPS of 0.244. Block Inc's stock performance has been bearish, with a price decrease of -0.0136, while Square, Inc. has seen a positive stock performance with an increase of 0.244. The market sentiment for both companies is negative, with Block Inc's RSI at -0.998 and Square, Inc.'s RSI at -0.46. It's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with these companies.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.