Payments company Square has hired former Google director Steve Lee as the first member of its new crypto team.
A Square Twitter account teased the news Wednesday afternoon without specifying what Lee's role at the company would be.
The maker of the bitcoin-friendly Cash app led by Twitter CEO Jack Dorsey announced it was hiring a crypto team in March.
At the time, Dorsey said the new roles would be focusing not on Square's own commercial interests, but rather "On what's best for the crypto community."
Lee, who left Google in 2015 after eight years at the search giant, has since become a Bitcoin Optech contributor.
He's also an angel investor who lists Lyft, Pinterest and Yardbarker as key exits.
Square generated $65.5 million in bitcoin-related revenue in the first quarter of 2019, its highest quarterly volume to date.
Square Hires Ex-Google Director as First Member of New Crypto Team
gepubliceerd op Jun 12, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.