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Square Hires Ex-Google Director As 1st Member In Its New Crypto Team

Stefan by Stefan
13/06/2019
in Bitcoin News
Reading Time: 2 mins read
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Square Renames To Block, jack dorsey, twitter, app, blockchain
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The payments company Square is in the topics of many best cryptocurrency news sites for hiring the former Google director Steve Lee as the first member of its new crypto team. The news that Square hires an ex director came from the a related Twitter account this Wednesday afternoon, without specifying the role of Lee at the company and what it will involve.

“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,” the post noted.

A spokesperson for Square also declined to comment the news. The maker of the Bitcoin-friendly Cash app which is led by the CEO of Twitter, Jack Dorsey, recently announced that it was hiring a crypto team in March this year. At the time, Dorsey noted that the new roles would be focusing not on Square’s own commercial interests – but rather on “what is best for the crypto community.”

Now that Square hires an ex-Google director, positive changes are expected. Meanwhile, Lee left Google in 2015 after eight years spent as a director in the search giant. Ever since then, Lee has become a Bitcoin Optech contributor and an angel investor who lists key exits including the companies Lyft, Pinterest and Yardbarker.

As reported in our latest cryptocurrency news section, Square has generated $65.5 million in Bitcoin-related revenue in the first quarter of 2019, which was its highest quarterly volume to date.

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A lot of users saw the news that Square hires an ex-Google director and commented with their interest for the company to change some things. For example, one noted that users are interested in seeing the road map and tasks which will include adding Litecoin (LTC) to the cash app, launching crypto to all merchants and adding native accounts.

Others congratulated Steve and commented that this was an excellent hire made by Square – expressing their enthusiasm and support for Steve Lee and saying that he is “the perfect person for the role.”

Meanwhile, recent news showed that Square’s Cash App is “absorbing” 10% of Bitcoin supply on a daily basis.

 

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: square appsquare changessquare google directorsquare hiringsquare hrsquare jack dorseysquare leesteve lee googlesteve lee new hiresteve lee square
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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