Square Crypto to Fund Designer with Mission to Improve BTC Wallet Usability

Square Crypto, the digital currency arm of the payments company headed by Bitcoin bull, Jack Dorsey, has announced the award of a grant to Maggie Valentine, a designer who is attempting to make Bitcoin wallets more user-friendly. Valentine states on her LinkedIn page that she is “passionate about bringing inclusive design to the blockchain space.”

The grant, which was announced on Friday, is reportedly one in a series of ‘Open Dimes and Square Crypto grants’ that will be handed out this year to improve the Bitcoin ecosystem.

According to Square, Valentine’s grant will be used to address one of Bitcoin’s age-old questions: how to design cryptocurrency custody that is both easy-to-use and secure. Indeed, “how can we provide an intuitive experience for non-crypto users while preserving the security of a user’s funds?” Valentine wrote in her grant proposal to Square.

“Existing wallets bombard users with (unless well-versed in crypto) foreign concepts. In particular, private keys and seed phrases are of interest within the scope of this grant,” Valentine wrote in her proposal.

“Both of these blockchain-specific features share an interesting challenge to designers and non-crypto-savvy users: they are completely novel concepts, yet hold a massive amount of weight in determining the safety of an individual’s funds. This dangerous formula puts beginner’s $ at risk, compromising one of many advantages blockchains have to offer.”

Jack Dorsey & Square Share a Mission to Improve the Bitcoin Ecosystem

Square’s announcement of the grant awarded as well as more grants to come seems to be part of Jack Dorsey’s ongoing personal mission to improve the Bitcoin ecosystem.

Last year, Dorsey announced that Square would be hiring developers specifically to make contributions to the Bitcoin and cryptocurrency ecosystem.

“[I] asked @brockm: ‘what is the most impactful thing we could do for the bitcoin community?’ His answer was simple: ‘pay people to make the broader crypto ecosystem better,’” he wrote on Twitter in March 2019. “This resonated with me immediately, so we’re doing it.”

However, what may have begun for Dorsey as a personal conviction seems to have officially spread into Square’s mission as a company. Square announced last month that it would be investing $50 million into Bitcoin, representing 1% of the company’s total assets.

“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Square chief financial officer, Amrita Ahuja at the time that the investment was made. “For a company that is building products based on a more inclusive future, this investment is a step on that journey.”

(Photo: Square)

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