Facebook Crypto Project Gets Backed With $10M Each From Big Names

Square Crypto that was hyped on social media turns out to be the real deal after they hired the Ex-director of Google and Silicon Valley angel investor Steve Lee. In the coming altcoin news today we read more on the new hire.

Less than a month has passed since Square Crypto announced their new hire and they finally announced it recently on Twitter. The fun began when the Twitter profile teased its followers by claiming to have hired someone named ‘’Gary’’ who simply loves blockchain but the team quickly followed up on the joke with the Truth. Steve Lee who goes under the nickname ‘’Moneyball’’, describes himself as the ‘’PM working to improve Bitcoin’’ who also stated to be very happy to work with Dorsey’s company.

Jack Dorsey also posted on Twitter an image of the ‘’historical bitcoin transactions’’ which spiked up the crypto community on Twitter. While the entire division at the company is now working only for Square Crypto, Dorsey seems to be very fond of the community. In the meantime, Bitwise CEO Hunter Horsley congratulated on the new hire:

“@moneyball is amazing. Can’t think of anyone better for this role. Congratulations @sqcrypto and @moneyball!!!”

Square Crypto is going on with the strategy to the vest since coming to the social media platforms in March. Since then, they have shown us multiple times that they are working on something that will be groundbreaking even for crypto. While they have the name ‘’crypto’’ in the company’s name, they are mainly focused on Bitcoin which make sense since Dorsey is expecting for the number one cryptocurrency to become the ‘’native currency’’ of the World Wide Web. The company stated:

 “We are close to making our first hire. So let’s set some expectations. True to @jack’s founding tweets, we are building open source projects that will make mass adoption not just possible but inevitable. Our goal isn’t to make money, but to improve it.”

As it was explained previously in the latest cryptocurrency news, Dorsey’s team knows how to hype the community on Twitter after they even brought Tesla’s CEO Elon Musk into the heart of the conversations sometimes. Twitter, on the other hand, is at the totally opposite way of the crypto spectrum without indicating that they will ever integrate crypto.