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Square Announces Their First Crypto Hire

June 13, 2019 12:05
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Twitter founder Jack Dorsey’s cryptocurrency project, Square announced their first hire. While they had introduced an intern, last month, it appeared that things did not work out. At the time Square had said, “Hey guys. Management here. It seems the cats discovered catnip. While they’re vision questing, please welcome our summer intern and inaugural hire, Gary Fuches. Let’s give Gary a warm crypto welcome.”

On Wednesday, Square said, “Hey guys. Management again. Unfortunately, things didn’t work out with Gary. However, we think we’ve found somebody who can live up to his commitment to decentralization. Please welcome Steve Lee, aka @moneyball, to the Square Crypto team.”

Steve Lee, the new hire, worked previously at Google where he was the Product Director. Correcting Square’s announcement Lee said, “Bitcoin, not blockchain. Very excited about this opportunity!”

The news about Square app launching a cryptocurrency exchange has been doing the rounds since March last year. At the time, the company had said, “We’re always listening to our customers, and we’ve found that they are interested in using the Cash app to buy bitcoin. We’re exploring how Square can make this experience faster and easier, and have rolled out this feature to a small number of Cash app customers. We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we’re excited to learn more here.”

Recently, Twitter Chief Executive Officer (CEO) Jack Dorsey had a very violent reaction when someone joked that his Square app, which currently supports Bitcoin, would soon support Bitcoin Cash.

A Twitter user going by the handle, MeatTC_ said, “What if @jack is actually talking about Bitcoin Cash?” To which Jack responded, “Hell no.”

Dorsey has been in the news lately, for being very vocal about his pro-Bitcoin stance. Earlier it was reported that he had revealed what parallels he saw between Bitcoin and Twitter, and about “Stacking Sat Saturday” trend in which users buy $25 worth of Bitcoin every Saturday to highlight the growing adoption of cryptocurrencies. And this was the topic where he indirectly revealed the amount that he might’ve spent in BTC last week. He said, “I saw that [Stacking Sat Saturday] on Twitter […] I would have participated but I have already exceeded my limit on CashApp. I can’t purchase anymore.”

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