Block announces preorders for Bitkey bitcoin wallet

Preorders for Block’s self-custody bitcoin wallet Bitkey launched across the world on Thursday.

According to a press release, the wallet can be preordered in 95 countries, with shipping set to start in early 2024.

“Bitkey includes a mobile app, hardware device and a set of recovery tools in case the customer loses the phone, their hardware, or both,” the release said.

It uses three keys to secure bitcoin in the wallet, though a customer can use any two of those keys to access and change security settings, launch a recovery or transfer bitcoin. The app acts as one key, and the hardware device acts as a second key. The final key is on the Bitkey server, and is the only one the…

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