Block, a payment company, has released its self-custodial Bitcoin wallet called Bitkey. The rock-shaped wallet, which is hexagon shaped, is currently being sent out to customers who placed orders for it last year. Unlike online crypto wallets that are controlled by a third party, Bitkey allows users to store Bitcoin and manage their private keys. It is also connected to American crypto exchange Coinbase and the payments app Cash App, enabling users to purchase Bitcoin directly through these platforms using Bitkey and its software. The wallet is designed to work with a user’s phone, but the company assures that even if the device or wallet is lost, tools are available to recover the funds. The website for the device emphasizes the importance of giving customers complete control over their Bitcoin. This implies being able to rest assured knowing that they will always have access to their funds. Bitcoin wallets, particularly cold storage wallets that store digital currency offline, can be complex and challenging to understand. In order to keep digital coins secure using this method, users need to safeguard and maintain their private keys, which are a password consisting of either 12 or 24 words. Losing the private keys can result in losing the funds as well. Jack Dorsey is one of the co-founders of Twitter. Dorsey, who used to work for a social media company, has shifted his focus to Bitcoin products. He has advised investors to keep their Bitcoin off exchanges and store it themselves. Dorsey, now a billionaire, has introduced a new Bitcoin wallet called Bitkey, which can be purchased for $150 using fiat currency through a traditional credit or debit card. The payment company behind the popular Cash App, Block (formerly Square), is also involved in this venture. The information was edited by Ryan Ozawa. Sign up to receive daily updates on cryptocurrency news in your inbox.