PANews April 28 news, according to official news, Jack Dorsey's payment company Block has launched a new Bitkey hardware wallet with a secure touchscreen, adopting a 2-of-3 multi-signature architecture, no recovery phrases, and an integrated inheritance planning feature, which is now available for pre-purchase. Cash App has launched a new feature that allows users to automatically convert peer-to-peer payments received into Bitcoin, and enjoy a 5% Bitcoin cashback when spent at Square merchants. The withdrawal limit has been raised to $10,000 per day and $25,000 per week, with all fees and spreads waived for purchases over $2,000. Block also released a proof of reserves, covering Bitcoin holdings of Cash App, Square, and company treasury, which users can independently verify through on-chain signatures. Square merchants will support NFC contactless payment for Bitcoin, achieving near-instant settlement through the Lightning Network, with no processing fees until 2026.

Previously reported, Block released a proof of reserves, validating the company's Bitcoin holdings worth approximately $2.2 billion.

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