{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=DE&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Jack+Dorsey%27s+Square+Inc+is+investigating+a+crypto+wallet&text=Twitter+CEO+Jack+Dorsey+posted+a+thread+of+tweets+to+explain+the+rationale%2C+problems+and+solutions+behind+a+potential+Square+hardware+wallet.&text=Jack+Dorsey%27s+Square+Inc+has+announced+plans+to+possibly+develop+an+open-source+hardware+Bitcoin+wallet%3B+highlighting+the+Twitter+CEO%27s+belief+in+the+future+of+cryptocurrencies+and+digital+payments.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AIn+a+thread+to+tweets%2C+Dorsey+noted+that+Square+is+investigating+building+a+wallet+with+full+intention+to+partner+up+with+the+community.+Tweeting+the+possible+plans+before+the+company+launches+into+any+developments+emphasises+Dorsey%27s+desire+to+keep+the+project+transparent.+He+noted+that+they+want+to+kick+things+off+%22%3Cem%3Ethe+right+way%22.%C2%A0%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3ESquare+is+considering+making+a+hardware+wallet+for+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2Fbitcoin%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23bitcoin%3C%2Fa%3E.+If+we+do+it%2C+we+would+build+it+entirely+in+the+open%2C+from+software+to+hardware+design%2C+and+in+collaboration+with+the+community.+We+want+to+kick+off+this+thinking+the+right+way%3A+by+sharing+some+of+our+guiding+principles.%3C%2Fp%3E%0A%E2%80%94+jack+%28%40jack%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fjack%2Fstatus%2F1400839179513339905%3Fref_src%3Dtwsrc%255Etfw%22%3EJune+4%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%3Ch2%3EConvenience+in+assisted+custody%3C%2Fh2%3E%0ADorsey+continued+to+note+that+the+reason+behind+the+wallet+is+that+he+wants+to+develop+a+wallet+with+full+custodial+integrity+for+the+user.+In+response+to+Bitcoin%27s+decentralised+nature%2C+Dorsey+seems+to+want+to+tap+into+the+industry%27s+design+regarding+the+users%27+custody+over+their+cryptocurrencies.+However%2C+the+Square+Inc+CEO+also+offered+that+this+process+can+be+simplified+to+make+the+system+most+convenient+for+users.+He+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fjack%2Fstatus%2F1400839182168297474%22%3Enoted%3C%2Fa%3E%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%E2%80%9C%3Cem%3ECustody+doesn%E2%80%99t+have+to+be+all-or-nothing.+We+can+probably+simplify+custody+through+%27assisted+self-custody.%27+Assisted+requires+great+product+design%3A+minimal+setup+time%2C+relying+on+existing+devices%2C+and+end-to-end+reliability.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AHe+continued+to+point+out+that+security+in+wallets+is+often+faced+with+issues+and+threats+that+need+considering+before+launching+any+product.+Without+pointing+to+any+solution%2C+necessarily%2C+Dorsey+noted+the+potential+safety+features+that+might+need+implementing+before+a+launch.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%3Cdiv+class%3D%22article-subscription-widget%22%3E%0A%3Cdiv+class%3D%22article-subscription-widget__form%22%3E%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3E7%2FSafety+is+complicated.+For+any+wallet+product%2C+we+consider+safety+failures+to+stem+from+one+of+three+types+of+events%3A+availability+failures+%28%E2%80%9Csunken+gold%E2%80%9D%29%2C+security+failures+%28%E2%80%9Cpirated+gold%E2%80%9D%29%2C+and+discretionary+actions+%28%E2%80%9Cconfiscated+gold%E2%80%9D%29.+What+threats+are+we+missing%3F%3C%2Fp%3E%0A%E2%80%94+jack+%28%40jack%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fjack%2Fstatus%2F1400839186199027716%3Fref_src%3Dtwsrc%255Etfw%22%3EJune+4%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0AWhile+no+plans+are+in+place+to+build+the+wallet%2C+the+implication+behind+the+tweet+is+that+the+company+might+be+looking+to+launch+a+hardware+wallet+in+time.+Until+then%2C+any+development+in+the+cryptocurrency+industry+with+a+big+name+backing+it+draws+attention+to+the+future+of+the+market.%0A%0A%3C%2Fdiv%3E%0A%3C%2Fdiv%3E","timeout":15}