Latest news with #selfcustody
Yahoo
29-06-2025
- Business
- Yahoo
Jack Dorsey has a savage response to shocking Bitcoin wallet plan
Jack Dorsey has a savage response to shocking Bitcoin wallet plan originally appeared on TheStreet. Twitter co-founder Jack Dorsey is among the most prominent Bitcoin advocates in the fintech industry. While he was at the helm of the social media giant, he founded Block, Inc. (NYSE:XYZ) in 2009. Block, earlier known as Square, is a technology and financial services company that has integrated Bitcoin into several of its products. In December 2023, Block launched a self-custody Bitcoin wallet called Bitkey. A self-custody crypto wallet gives users complete control over their digital assets. No centralized crypto exchange or third-party company stores your assets on their servers. Instead, you are responsible for the safety of your digital assets on a self-custody wallet. Join the discussion with CryptoWendyO on. Available in more than 95 countries, you could purchase Bitkey with credit cards or Block's Cash App wallet. On 28 June, the wallet provider unveiled a new payment option: Bitcoin. It was rather odd that one couldn't pay with Bitcoin to purchase a crypto self-custody wallet, but now it's very much possible. Dorsey was quick to share the notification regarding the revamp with his X followers, "buy bitkey with bitcoin." Dorsey is an enthusiastic supporter of Bitcoin payments. In fact, he remarked back in 2021 that if he weren't working at Twitter and Square, he would be working on Bitcoin. Like most Bitcoin maximalists, the billionaire entrepreneur is bullish on the king coin. In May 2024, he predicted its price will hit $1 million and its market value will exceed $20 trillion by 2030. However, Dorsey has cautioned the Bitcoin community that the asset needs to transform itself from just a store of value to a tool of real use cases, or else it could become irrelevant. As per Kraken's price feed, Bitcoin was trading at $107,490.20 at press time. Jack Dorsey has a savage response to shocking Bitcoin wallet plan first appeared on TheStreet on Jun 29, 2025 This story was originally reported by TheStreet on Jun 29, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
Jack Dorsey has a savage response to shocking Bitcoin wallet plan
Jack Dorsey has a savage response to shocking Bitcoin wallet plan originally appeared on TheStreet. Twitter co-founder Jack Dorsey is among the most prominent Bitcoin advocates in the fintech industry. While he was at the helm of the social media giant, he founded Block, Inc. (NYSE:XYZ) in 2009. Block, earlier known as Square, is a technology and financial services company that has integrated Bitcoin into several of its products. In December 2023, Block launched a self-custody Bitcoin wallet called Bitkey. A self-custody crypto wallet gives users complete control over their digital assets. No centralized crypto exchange or third-party company stores your assets on their servers. Instead, you are responsible for the safety of your digital assets on a self-custody wallet. Join the discussion with CryptoWendyO on. Available in more than 95 countries, you could purchase Bitkey with credit cards or Block's Cash App wallet. On 28 June, the wallet provider unveiled a new payment option: Bitcoin. It was rather odd that one couldn't pay with Bitcoin to purchase a crypto self-custody wallet, but now it's very much possible. Dorsey was quick to share the notification regarding the revamp with his X followers, "buy bitkey with bitcoin." Dorsey is an enthusiastic supporter of Bitcoin payments. In fact, he remarked back in 2021 that if he weren't working at Twitter and Square, he would be working on Bitcoin. Like most Bitcoin maximalists, the billionaire entrepreneur is bullish on the king coin. In May 2024, he predicted its price will hit $1 million and its market value will exceed $20 trillion by 2030. However, Dorsey has cautioned the Bitcoin community that the asset needs to transform itself from just a store of value to a tool of real use cases, or else it could become irrelevant. As per Kraken's price feed, Bitcoin was trading at $107,490.20 at press time. Jack Dorsey has a savage response to shocking Bitcoin wallet plan first appeared on TheStreet on Jun 29, 2025 This story was originally reported by TheStreet on Jun 29, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
10-06-2025
- Business
- Forbes
SEC On Digital Assets: ‘We Should Not Automatically Fear The Future'
At a Securities and Exchange Commission roundtable on June 9, 2025, Chairman Paul S. Atkins called for protecting the right to self-custody Bitcoin and other digital assets. His remarks, delivered at the Crypto Task Force event titled 'DeFi and the American Spirit,' were rooted in a broader vision of economic liberty. Atkins, known for his market-friendly regulatory philosophy, framed decentralized finance and self-custody as modern expressions of deeply American ideals. Pointedly private property, innovation, and individual sovereignty. Atkins' speech comes amid increasing public awareness of digital asset custody. After the spectacular collapses of centralized crypto platforms like FTX and Celsius, many investors have turned to self-custody, storing their assets in wallets they control to minimize counterparty risk. In his remarks, Atkins praised blockchain technology for enabling direct ownership of digital property without intermediaries. He likened decentralized networks to 'free market systems' that reward users for validating transactions, and he rejected regulatory frameworks that penalize participation in open protocols. He drew a vivid analogy of holding developers liable for how users employ self-executing software is equivalent to suing a carmaker because someone used their vehicle to commit a crime. Atkins also challenged the SEC to move beyond ambiguous guidance and adopt clear, fit-for-purpose rules for decentralized systems. While he welcomed recent statements from the Division of Corporation Finance clarifying that staking and validating do not necessarily constitute securities transactions, he emphasized that such opinions lack the force of law. To address this, Atkins proposed a conditional 'innovation exemption' allowing both registrants and non-registrants to launch on-chain products without navigating an outdated regulatory maze. It was a striking statement from a senior SEC official, underscoring the political realignment around crypto in 2025. Atkins' remarks reflect a growing recognition that self-custody isn't just a technical preference, but a philosophical choice. Bitcoin, often likened to digital gold, is especially well-suited to self-custody. Its fixed supply and peer-to-peer nature allow users to hold it outside the traditional financial system. With a growing number of platforms offering user-friendly tools for multi-signature cold storage, self-custody is no longer the exclusive domain of tech-savvy early adopters. Multisig vaults require multiple approvals to move funds, dramatically lowering the risk of theft or accidental loss. Bitcoin can be purchased instantly, stored digitally, and transferred globally. Because of that, investors who want complete control over their assets, much like holding physical gold, now have more options to securely self-custody their Bitcoin. The rise of these services signals a shift toward empowering everyday investors, including retirees and wealth managers, to take control of their financial futures. But self-custody is not without risk. One of the most commonly cited concerns is user error. Losing the private keys that unlock a Bitcoin wallet can mean permanent loss of funds, with no customer service line to call. This risk grows more acute in natural disasters, death, or memory loss. Without a robust inheritance plan or backup access, Bitcoin held in self-custody can effectively vanish. Others worry about the threat of hacking, especially when funds are stored in so-called 'hot wallets' connected to the internet. These are more convenient for frequent use but also more vulnerable to attack. Security experts often recommend storing most crypto assets in 'cold wallets' that remain offline. While Atkins' advocacy for a more straightforward regulatory path is a step forward, the door remains open for retroactive enforcement. Previous administrations blurred the line between software development and financial services, resulting in lawsuits against creators of non-custodial wallet software. Atkins' call for legal clarity, especially for developers of self-custody and DeFi tools, is a welcome signal to the industry. However, the industry still needs concrete rulemaking before it can confidently build on American soil. The collapse of FTX in 2022 served as a painful reminder of the dangers of centralized custody. Billions in user funds were lost or frozen, with limited recourse. In the aftermath, self-custody has gained traction as the default recommendation among many Bitcoin advocates. The phrase "not your keys, not your coins" has emerged as a popular expression of digital sovereignty. However, true self-custody requires more than just control. It calls for education, careful planning, and a strong sense of responsibility. In response, hybrid models are gaining traction by helping users maintain control over their assets while offering support features like guided setup, backup key storage, and institutional-grade security to reduce risk. These innovations mirror the growing consensus that self-custody is achievable and advisable, but must be done responsibly. Atkins' remarks may prove to be a defining moment in crypto's regulatory history. By championing self-custody and decentralized software, he reaffirmed a vision of financial freedom rooted in individual agency rather than institutional control. But the road forward remains uncertain. Without legally binding reforms, entrepreneurs may continue to innovate offshore, and investors may continue to face an uneven patchwork of protections. Still, there is momentum. With a supportive SEC commissioner, a deregulatory White House, and a surge of interest in Bitcoin's store-of-value properties, the groundwork is laid for a more secure and sovereign financial future. As Atkins concluded, 'We should not automatically fear the future.' If the future embraces safe and responsible self-custody of digital assets, the potential benefits are significant.
FF News
30-05-2025
- Business
- FF News
Worldpay and Exodus Team Up: Pioneering Native Card Payments for Self-Custodial Crypto Wallets
Worldpay ® has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or debit card. 'Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,' said Nabil Manji, head of fintech growth and financial partnerships at Worldpay . 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favorite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Omaha-based Exodus launched in 2015 to provide people with a highly secure way to hold their digital assets like cryptocurrencies offline from exchanges. Now, their more than 5 million users can use their preferred credit or debit card to purchase digital assets from directly within their wallet on the Exodus platform. This new capability greatly enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform. 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,' said JP Richardson, CEO at Exodus. 'Worldpay's dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' In addition to card-based payments, Exodus will be tapping into Worldpay's flagship fraud detection and prevention solution, FraudSight ™, which can reduce fraud while enhancing authorization rates. Credit and debit card purchases are available to Exodus customers in the U.S. with plans to expand to further geographies in the coming months. *Self-custodial wallet: A self- or non-custodial wallet is a cryptocurrency wallet where the owner of those assets has full control over private keys granting full access to them without an intermediary. This model contrasts with custodial wallets where a third party, like an exchange, holds the keys to owned assets. Companies In This Post Worldpay Exodus
Finextra
29-05-2025
- Business
- Finextra
Worldpay partners Exodus for card payments in self-custodial wallets
Worldpay has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or debit card. 'Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,' said Nabil Manji, head of fintech growth and financial partnerships at Worldpay. 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favorite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Omaha-based Exodus launched in 2015 to provide people with a highly secure way to hold their digital assets like cryptocurrencies offline from exchanges. Now, their more than 5 million users can use their preferred credit or debit card to purchase digital assets from directly within their wallet on the Exodus platform. This new capability greatly enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform. 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,' said JP Richardson, CEO at Exodus. 'Worldpay's dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' In addition to card-based payments, Exodus will be tapping into Worldpay's flagship fraud detection and prevention solution, FraudSight™, which can reduce fraud while enhancing authorization rates. Credit and debit card purchases are available to Exodus customers in the U.S. with plans to expand to further geographies in the coming months. *Self-custodial wallet: A self- or non-custodial wallet is a cryptocurrency wallet where the owner of those assets has full control over private keys granting full access to them without an intermediary. This model contrasts with custodial wallets where a third party, like an exchange, holds the keys to owned assets.
