It appears that Square, the payment processor whose founder is also the CEO of Twitter, Jack Dorsey, may have just made its first significant hiring, at the same time confirming rumors of a Square native crypto.
The Twitter account called Square Crypto has just posted a couple of Tweets that may contain some actual information, announcing a first executive hire in the form of ex Google director Steve Lee. After announcing the hire, the next Tweet also made references to Bitcoin and blockchain, fuelling the crypto rumors even further:
Steve is an angel investor, startup advisor, and former Director at Google. He is also a volunteer PM helping to drive bitcoin adoption through open-source development, UX, and storytelling. Sound familiar?
— Spiral (@spiralbtc) June 12, 2019
Lee had previously worked on projects like Google Glass and Google Maps, and he himself responded with his own Tweet that all but confirms the news, saying “Bitcoin, not blockchain” before posting:
— Steve Lee (@moneyball) June 12, 2019
According to Lee’s professional profile on LinkedIn, he has been volunteering a lot for Bitcoin projects and even claims to be a Bitcoin Core contributor, by reviewing and testing changes and coding, as well as general communication and project management.
It does seem clear that he is an outright Bitcoin (and not blockchain or crypto) advocate, something that Square will definitely find many parallel comparisons with. The Square app itself is 100% dedicated towards sending P2P debit card payments, and only allows buying and selling of Bitcoin and no other crypto. Its users are themselves chiefly Bitcoin-only users. And the hiring of a Bitcoin Core contributor can only suggest further Bitcoin-related improvements, such as a Lightning implementation. If true, this could open the door for thousands of merchants to accept instant, cheap micro transactions from the Square app.
The idea of a Square native crypto will seem to be a divergent path from that philosophy, however, so there should be plenty more speculatory observations to feed the Square rumor mill.
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