Square Crypto, the digital foreign money arm of the funds firm headed by Bitcoin bull, Jack Dorsey, has introduced the award of a grant to Maggie Valentine, a designer who’s making an attempt to make Bitcoin wallets extra user-friendly. Valentine states on her LinkedIn web page that she is “passionate about bringing inclusive design to the blockchain space.”
The grant, which was introduced on Friday, is reportedly one in a collection of ‘Open Dimes and Square Crypto grants’ that will likely be handed out this 12 months to enhance the Bitcoin ecosystem.
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According to Square, Valentine’s grant will likely be used to handle one in every of Bitcoin’s age-old questions: how to design cryptocurrency custody that’s each easy-to-use and safe. 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.
Giving trick-or-treaters Open Dimes and Square Crypto grants this 12 months. Speaking of which, this one goes to Maggie Valentine (@magglevalentine), a designer working to simplify pockets onboarding flows by lowering technical jargon and rising consumer training.
— Square Crypto (@sqcrypto) October 30, 2020
“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.
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“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 in addition to extra grants to come appears to be a part of Jack Dorsey’s ongoing private mission to enhance the Bitcoin ecosystem.
Last 12 months, Dorsey introduced that Square could be hiring builders particularly to contribute 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.”
#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open supply contributions to the bitcoin/crypto ecosystem. Work from wherever, report immediately to me, and we are able to even pay you in bitcoin! Introducing @SqCrypto. Why?
— jack (@jack) March 20, 2019
However, what could have begun for Dorsey as a private conviction appears to have formally unfold into Square’s mission as an organization. Square introduced final month that it might be investing $50 million into Bitcoin, representing 1% of the corporate’s complete property.
“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” stated Square chief monetary officer, Amrita Ahuja on the time that the funding was made. “For a company that is building products based on a more inclusive future, this investment is a step on that journey.”