Block, Inc., the fintech company co-founded by Jack Dorsey, recently unveiled some major new features to its self-custody Bitcoin wallet, Bitkey. These changes, all intended to improve safety, privacy, and usability, are scheduled to start being tested in May.

Co-founder Jack Dorsey recently tweeted about some of the changes headed this way. This complete overhaul is testament to Block’s dedication to giving users improved control and security over their Bitcoin assets.

Bitkey, which launched in December of 2023, is a self-custody wallet, or non-custodial wallet. The wallet allows users complete control over their private keys, and thus their cryptocurrency assets. The Bitkey ecosystem includes a mobile app and a hardware Bitkey device. Along with these features, it provides a comprehensive range of recovery tools to keep users safe in the event of lost or stolen devices.

Among the proposed changes are more robust and easier-to-use transaction verification processes. Users will likewise get the ability to reset their fingerprint sign-in after a security timeout.

Another such new feature, the Utilities Bitkey Security Hub, will be coming to the mobile app. This will familiarize users with a clear, consistent flow for tuning their wallet’s security settings.

To enhance user privacy, Bitkey will offer an option to conceal home or billing addresses when purchasing a Bitkey gadget for in-person pickup. This new feature is designed to give an extra layer of anonymity to users who may be hesitant to share their personal info.

The announcement appears to have resonated positively with investors. On that day, Block, Inc.’s stock price skyrocketed by 2.60% in after-hours trading. This follows an impressive 3.70% jump during Wednesday’s normal session, when the stock finished at $54.33. As of this writing, Bitcoin was trading at $93,662.10, a 6.18% increase over the past 24 hours.