March 28, 2024

Jack Dorsey's company will lower the threshold for entry into bitcoin for newbies

Jack Dorsey's company will lower the threshold for entry into bitcoin for newbies

Payments company Square has announced a new grant as part of its support initiativedevelopment of bitcoin. The last to participate in the program was Maggie Valentine from the she256 blockchain startup.

Square notes that Valentine's workhelps to attract new users to BTC by limiting technical jargon in wallets and increasing general awareness. The company hopes their support will help Valentine create a bitcoin wallet tailored to the needs of novice users.

Valentine believes that people don't useBitcoin, including due to the excessive complexity of the wallet interfaces. In particular, they are discouraged by "technical jargon and unfamiliar concepts" and the lack of knowledge that few are willing to expand upon.

“With no technical experience, usersare often unable to take advantage of the technology. To maintain the spirit of this space of fixing an existing flawed financial system, it is critical to provide a better user experience for all users. "Valentine said.

Square, for its part, noted that "the complex user interface of cryptocurrency wallets should not dictate who can use bitcoin."

At the beginning of the month, Square announced that it had chosen Bitcoin as its reserve asset and invested $ 50 million in it.

Jack Dorsey's company will lower the threshold for entry into bitcoin for newbies

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