Jack Dorsey's Block company recently made a pretty interesting move, launching a brand new Bitkey hardware wallet.

This wallet's design concept is a bit different, equipped with a secure touchscreen, using a 2-of-3 multi-signature architecture, and its biggest highlight is that it doesn't require a seed phrase, plus it has a built-in inheritance planning feature.
Pre-orders are now open.

At the same time, Cash App is also upgrading its Bitcoin ecosystem.
Now, after users receive peer-to-peer payments, they can automatically convert them into Bitcoin, and they can earn 5% Bitcoin cashback when spending at Square merchants.
Withdrawal limits have also been significantly increased, with $10k per day, $25k per week, and transactions over $2,000 are fee- and spread-free.

More importantly, Block has released a proof-of-reserve, covering Bitcoin assets across Cash App, Square, and the company's vaults, which users can independently verify through on-chain signatures.
Additionally, Square merchants now support NFC tap-to-pay with Bitcoin, enabling near-instant settlement via the Lightning Network, with processing fees waived until 2026.

With this combination of initiatives, Jack Dorsey is indeed accelerating the practical application of Bitcoin payments.
Hardware wallets like Bitkey address user asset security, Cash App's automatic conversion and cashback lower the barriers to using Bitcoin, and Lightning integration makes merchant payments a reality.
If this trend continues, a Bitcoin-based payment network could see new growth.