The subsidiary recently made a grant to a developer to help make crypto wallets more accessible to everyone
The easy-to-use crypto wallet increases crypto adoption and gives newbies a gentle curve upon joining. The company posted the news on Twitter, revealing that Maggie Valentine, a designer at blockchain startup she256, was the beneficiary of the grant. The result of the project will be published in the Bitcoin Design Guide under “Best Practices”.
The company’s announcement read: “Give Trick-or-Treatern Open Dimes and Square Crypto Scholarships this year. Speaking of which, this one goes to Maggie Valentine (@magglevalentine), a designer who is working to simplify wallet onboarding by reducing technical jargon and improving user education”.
Valentine’s job is to study the ease of use of Bitcoin for even the most basic of users. It will also examine the complexities associated with the wallet user experience.
An excerpt from her proposal to Square reads: “… The current status of products and experiences in this branch create strong entry barriers. Wallboard onboarding flows are often saturated with technical jargon, unknown user concepts, and little to no training. Without a technical background, users are often discouraged from taking advantage of this technology”.
Valentine highlighted private keys and starting phrases as the main stumbling blocks for potential investors unfamiliar with crypto. The grant will help her investigate user behavior in relation to the above elements, which are critical to Bitcoin’s unsecured storage.
The thesis of the project is based on Valentin’s previous work with Celo, an open platform whose goal is to build a financial system that ensures the prosperity of every individual. Valentine worked as a product design intern at Celo between June and September.
The previous fellowship from Square Crypto (to Riccardo Cassata) was announced on October 23rd – about a week before the current one. The grants showcase Square’s efforts to drive the proliferation of crypto, particularly bitcoin.
Square is led by Twitter CEO and Bitcoin attorney Jack Dorsey. Last month, Square announced that it had invested $ 50 million in crypto by purchasing 4,709 BTC.