Jack Dorsey’s hardware wallet Bitkey to integrate MoonPay for bitcoin purchases

Twitter co-founder Jack Dorsey’s fintech company Block is partnering with MoonPay to offer users a way to purchase bitcoin through “all major payment methods,” including debit and credit cards, bank transfers, Apple Pay, Google Pay and PayPal, the companies announced on Tuesday. 

Specifically, the integration will be for the new hardware wallet Bitkey, which was launched in March. Block is also the parent company of the popular retail point-of-sale platform Square and the peer-to-peer payments application CashApp. 

“We’re starting our collaboration at an exciting moment as Bitkey expands its go-to-market presence. The integration itself took only a few weeks and we’re proud to power Bitkey users’ engagement with Bitcoin BTC +1.46% ,” MoonPay President of Enterprise Keith Grossman said via email. 

Grossman said that while Bitkey had options to buy bitcoin, the “entire purchase experience” can now be done within the Bitkey app via MoonPay versus having to move to a separate app. MoonPay also operates in over 180 countries and allows for users to make large purchases up to $10,000.

“With MoonPay, these users are already registered / KYC’d and have their payment methods securely stored,” Grossman said.

“As we continue to build a wallet that empowers the next 100 million people to truly own and manage their bitcoin, we look to work with quality partners to help make self-custody easier than ever before,” Thomas Templeton, lead at Proto, which is primarily responsible for developing BitKey, said in a statement. 

The companies also plan to integrate MoonPay Sell into Bitkey for crypto-to-fiat exchanges soon. Grossman said this feature is “currently live with numerous partners” and expected to launch with Bitkey later this year.

Bitkey is a self-custody wallet that rivals existing firms like Ledger and Trezor. It offers a “2-of-3” multi-signature setup that obviates the need for passwords or seed phrases and recovery tools.

Core Scientific announced last week it would use the new 3-nanometer ASIC mining chips developed in-house by Block. BitKey has previously teamed up with Coinbase Pay.