Jack Dorsey’s Square Crypto Is for Real, Revealing First New Hire

June 12, 2019 10:15 PM UTC

By CCN Markets: Square Crypto, which until now only appeared to exist on social media, is the real deal. It’s been less than a month since Square Crypto announced they were nearing their maiden hire. Now the company made a splash by announcing on Twitter they lassoed Google alum and Silicon Valley angel investor Steve Lee for that distinction.

Before the big reveal, Square Crypto teased its followers by claiming to have hired an intern named Gary, who apparently “loves blockchain.” That situation was short-lived, and the team quickly followed that joke up with the truth. Lee, whose Twitter handle is “moneyball” and who describes himself as a “PM working to improve bitcoin,” is as pumped as Dorsey’s company, saying in a tweet:

“Bitcoin, not blockchain. Very excited about this opportunity!”

Lee is excited about joining Square Crypto.| Source: Twitter

Jack Dorsey just let crypto Twitter know that he was thinking about bitcoin, tweeting an image of “historical bitcoin transactions,” which invigorated crypto Twitter. And while the crypto division is for Dorsey’s other company, Square, clearly he has a fondness for the community.

Meanwhile, Square Crypto’s first hire went over well in crypto land. Among the responses, Bitwise CEO Hunter Horsley congratulated Square Crypto.

Square Crypto’s new hire is going over well. | Source: Twitter

Avichal Garg, the co-founder of crypto asset management firm Electric Capital and fellow Google alum, similarly cheered the decision, saying:

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

Square Crypto is keeping its strategy close to the vest since coming on the social media scene in March. Since then, they’ve dropped hints that they are working on something groundbreaking even for crypto. While they’re called Square Crypto, their focus clearly appears to be on bitcoin, which makes sense considering that Jack Dorsey reportedly expects it to become the “native currency” of the World Wide Web. The company recently 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.”

Dorsey’s team knows how to capture Twitter’s attention, even bringing Tesla CEO Elon Musk into the conversation at times.

Square ‘s crypto team brings Elon Musk into the conversation. | Source: Twitter

Incidentally, Jack’s other company, Twitter, couldn’t seemingly be on the further end of the crypto spectrum with no indication that they will explore integrating crypto. At least they are not suppressing the conversation.

This article was edited by Gerelyn Terzo for CCN.com. If you see a breach of our Code of Ethics or Rights and Duties of the Editor, or find a factual, spelling, or grammar error, please contact us and we will look at it as soon as possible.

Last modified: June 12, 2019 10:11 PM UTC

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Gerelyn Terzo

Gerelyn is Assistant Editor at CCN. Based in the U.S., she has also covered institutional investing on Wall Street but caught the bitcoin bug soon after. She resides 13 miles outside of New York, close enough but also far enough away to escape it all. Follower her on Twitter (@cryptogerelyn) or email gerelyn.terzo@ccn.com.