Square to create hardware wallet for bitcoin
09/07/2021 11:51
** Payments company Square SQ.N will make a hardware
wallet for bitcoin, it says
** Bitcoin wallets can be stored offline or online at
cryptocurrency exchanges, venues where bitcoin can be bought and
sold for traditional currencies or other virtual coins
urn:newsml:reuters.com:*:nL3N2OL07F
** The announcement came shortly before U.S. Senator
Elizabeth Warren flagged growing risks posed to consumers and
financial markets by the cryptocurrency market
** Shares of SQ up marginally in premarket trade
** Last month, CEO Jack Dorsey hinted in a tweet that the
company was considering creating a non-custodial hardware wallet
for bitcoin urn:newsml:reuters.com:*:nL3N2OL07F
** Separately, brokerage BMO cuts PT on stock to $225 from
$265
** Current average rating on SQ is "buy", while median PT is
$280, per Refinitiv data
(Reporting by Akanksha Rana)