Bitkey partners with Coinbase and Cashapp

The partnership aims to “make self-custody more accessible” enabling customers the means to transfer and buy Bitcoin through both Coinbase and Cashapp partnerships.

Jack Dorsey’s financial technology firm Block will integrate its self-custody Bitcoin (BTC) wallet, Bitkey, with the cryptocurrency exchange Coinbase and financial services platform Cashapp.

Through both global partnerships, Bitkey aims to make the journey to self-custody easier and accessible through “a transparent and integrated experience.” The partnerships represent “a key step towards helping customers have more control and ownership over their financial lives,” said the firm in a recent announcement.

Coinbase and Cashapp’s buy and transfer BTC capabilities will be embedded in the Bitkey app, and all purchases and transfers will be powered through both platforms with the option to transfer their digital currencies to their non-custodial wallet.

Additionally, a breakdown of transaction costs offered by various different partners will provide customers with the means to choose the most suitable option for them. The firm said “displaying the full cost of the transaction” was one of the most “important criteria” when exploring potential partnerships.

Adding that, “historically in the ecosystem, it’s been difficult for customers to compare true “apples-to-apples” costs of the all-in fees due to the different pricing approaches exchanges have taken.”

Moreover, customers can transfer any existing BTC through the new partnership with an integrated process through the Bitkey app. The firm's new initiative aims to encourage others to manage their BTC holdings securely and confidently by highlighting the self-custody and ownership of BTC to a wider audience.

 

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.