# Block remains on the hunt for wallet partners nearly two years later
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” Block remains on the hunt for wallet partners nearly two years later “
The company stated it is prioritizing a quality over quantity approach to select on/off-ramp partners. Technical, product, and UI expertise aside, Block says that potential collaborators would also need to demonstrate price transparency, depth in local payment method coverage, and competency in onboarding and withdrawal processes in order to satisfy its standards.
In addition to on/off-ramp partners, Block is planning to build other types of partnerships, such as retail and distribution partners and payment partnerships, which the firm hopes will increase Bitcoin’s use cases and relevance as a payment method.
“We are already starting to put this criteria to work as we explore and build with potential partners today. Our goal is to have a few early partners integrated with us later this year as we bring our product to market and we expect those partnerships to grow in the months and years after that.”
American tech entrepreneur and billionaire Jack Dorsey has become an outspoken supporter of blockchain technology in recent years. On Dec. 1, 2021, Cointelegraph reported that Square changed its name to Block as Dorsey stated the company would shift its focus to cryptocurrencies. On Nov. 19, 2021, Dorsey released a whitepaper outlining a decentralized Bitcoin exchange. However, there has been an apparent lack of activity after the initial announcement.
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