Jack Dorsey’s Crypto Team Just Got its First Member
Payments business Square, led and co-founded by Twitter CEO Jack Dorsey, just worked with the first member of its cryptocurrency-focused department, Square Crypto
Steve Lee, an angel financier, start-up consultant, and previous item director at Google, signs up with the department, it revealed. Lee left Google in 2015, where he led item management for almost a years covering mobile applications to Google X, a semi-secret research study and advancement center and company established by the tech giant. He’s likewise an active angel financier in business such as Highlighter, StyleSeat, Anchor Labs, Bytegain, Alto Financial, Halo Neuroscience, and Parsable, according to Lee’s LinkedIn page.
“Bitcoin, not blockchain. Very excited about this opportunity!” Lee tweeted after the statement.
Square Crypto did not define what is the precise function of Lee in this department.
As reported in March, Square intends to employ a team of 3-4 engineers and a designer in order to assist the crypto community. The team would report straight to bitcoin-friendly Dorsey.
In March, Dorsey discussed that Square has actually taken a lot from the open source neighborhood and this is a little method to return. “it’s aligned with our broader interests: a more accessible global financial system for the internet.”
Square’s income stood at USD 959 million in the first quarter this year, or 43% more than a year back, and the business suffered a USD 38 million loss. Bitcoin-related income nearly reached and doubled USD 65.5 million in the first quarter.