Jack Dorsey’s Square Crypto Makes First Addition, Hires Former Google Director

Hot Take:

• Former Google director and Silicone Valley angel investor Steve Lee is the first hire of Square Crypto

Square Crypto, the cryptocurrency center division of payments company Square has hired former Google director and Silicone Valley angel investor Steve Lee as the first member of its new crypto team.

This latest team that for now only appears to be existing on social media less than a month back announced that they are nearing their first hire. Now, finally, the company made a splash on Twitter by announcing that Lee has been appointed but without specifying his role at the company.

Back in March, Twitter CEO Jack Dorsey, who is also the founder of Bitcoin friendly Cash app announced that that company was hiring for a crypto team. At the time, Dorsey said the new rolled would not be focusing on the commercial interest of square rather on “what’s best for the crypto community.”

There’s a reason why many of the brightest minds from CS to economics and beyond have dedicated their careers to crypto. That said, mass adoption is almost impossible without great design. One of our goals is to accelerate the role of UX design in crypto. 🧠👁🌀

— Square Crypto (@sqcrypto) April 15, 2019

Before the Steve Lee reveal, Square Crypto teased the community by claiming to have hired an intern named Gary who “loves blockchain.” But that was short-lived as the team then followed with the announcement of the real first addition to crypto team Steve Lee whose Twitter handle is “moneyball” and describes himself as a “PM working to improve Bitcoin.”

Bitcoin, not blockchain. Very excited about this opportunity! https://t.co/X620YX79gZ

— Steve Lee (@moneyball) June 12, 2019

The new addition Lee left his Product Director position at Google in 2015 after eight years and since then has become a Bitcoin Optech contributor.

Though Square has been dropping hints that they are working on something groundbreaking, they are keeping its strategy close to the vest. The focus of the Square Crypto also appears to be on Bitcoin which Dorsey expects to become the “native currency” of the World Wide Web.

“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,” the company stated recently.

Just recently, Dorsey also Tweeted an image of “historical bitcoin transactions” keeping the crypto community invigorated and intrigued.

Square to which the crypto division belongs to, generated $65.5 million in Bitcoin related revenue in the first quarter of 2019, its highest quarterly volume to date. But Twitter still isn’t at the end of the crypto spectrum or if in the future they will be exploring crypto integration.