Square Inc., a San Francisco-based fintech firm led by Twitter founder Jack Dorsey, has announced via Twitter on June 12, 2019, the addition of Steve Lee, a former director at Google, to Square Crypto, the firm’s cryptocurrency project aimed at improving the Bitcoin ecosystem and fostering widespread adoption.
Square Crypto Ready to Fly
As reported by BTCManager earlier in March 2019, Jack Dorsey hinted at hiring a handful of crypto engineers to work full-time on Square Crypto, its independent, open-source cryptocurrency project focused on contributing to the crypto community.
According to the payments platform, things didn’t work out with its former blockchain-loving intern, Gary and as such Square decided to hire Steve Lee, a former Google employee and Silicon Valley angel investor who claims to be a “PM working to improve bitcoin.”
Square Crypto tweeted:
“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.”
Lee functioned as the Director of Google X and Project Glass. He was also the Head ofProduct Management, Google Mobile Maps and Location Services, before leaving the firm in 2015.
He has invested in a couple of startups including Leo and Foodspotting. Leo is also an advisor at Alto Financial, a firm that claims to be building the best place to buy, sell, earn and use bitcoin, along with Halo Neuroscience and Adku
The Right Fit
Though Square Crypto did not state the role Lee would play at the firm, a vast majority of the crypto community and the firm’s Twitter followers have expressed excitement over the development.
Founded in 2009, Square has not looked back since its official launch, revolutionizing the payments ecosystem with its highly functional products.
Square joined the bitcoin bandwagon in November 2017, when the multibillion-dollar company integrated the flagship blockchain-based cryptocurrency into its Cash App, to enable users to buy and sell bitcoin seamlessly.