We have to admit it, one of the most complicated aspects for those who want to enter the crypto world, is how to store cryptocurrencies like Bitcoin. And, although much progress has been made in this regard in recent years, wallets are still not a product that anyone can use. For this reason, Square Crypto wants to create a wallet for all audiences, simple enough to drive the adoption of crypto assets.
A problem of complexity
Entering the crypto world is not easy. Any person, company, organization or government that wants to venture into the world of cryptocurrencies, must have a minimum technical knowledge before starting. Well, otherwise they will not be able to safely store their crypto assets in a wallet.
It is not just choosing a wallet that suits us, you have to configure it, save keys, understand how commissions and addresses work, get used to the user interface (very complicated most of the time), and then implement all the security measures necessary to avoid hacks.
Seen like this, it comes as no surprise that institutional investors did not want to enter the crypto market until the appearance of Grayscale. And it is that, unlike what was used to believe in the crypto market. Large investors were not waiting for a specific financial instrument to enter the crypto market. But a company that saves them the trouble of buying, storing and selling their cryptocurrencies.
For this reason, initiatives such as Square Crypto, the arm of the Square company in the crypto world, are emerging from the cryptocurrency community. Which are looking to design wallets simple enough to be used by anyone.
The Square Crypto wallet
In this way, it has been announced that Square Crypto has granted a grant to the designer Maggie Valentine. With which the work of the same will be financed in the search to create a wallet for all audiences. An objective that is explained in the project proposed by Valentine entitled “How can we provide an intuitive experience to users outside the crypto world, while preserving the safety of their funds?”
«Awarded the Open Dimes and Square Crypto trick-or-prank grants this year. Speaking of which, this one goes to Maggie Valentine (@magglevalentine), a designer working to simplify wallet flows by reducing technical jargon and increasing user education.».
Thanks to this, Maggie Valentine will have the financial support of Square Crypto in the development of her project. The result of which could fundamentally change the landscape of the crypto world. Opening the doors for more people to enter this market, without having to face the technical problems that currently surround the acquisition of cryptocurrencies.
Thus, although Valentine will not be in charge of designing a wallet of these characteristics herself. If it will create the guidelines on which Square Crypto and other groups can give birth to easier wallets for users.