Sally Ho's Technical Analysis 22 September 2019

10m
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Square Crypto Gains Former Google Alumnus

cryptodaily

3mon ago

Yesterday, Square Crypto started making a few random posts through its official handle on Twitter. Run by Square, the account introduced itself as Gary Fuches, the financial technology Twitter chief executive Jack Dorsey claimed that he was a big fan of blockchain. In fact Dorsey has said he “loved blockchain in a very big way”.

In an odd turn oof events, management came to redact Fuches’ comments and revealed that Steve Lee will be joining Square Crypto. As reported by Ethereum World News:

“... in an odd turn of events, “management” came to redact Gary’s comments, revealing instead that Steve Lee will be joining Square Crypto. This, of course, was an evident jab at Square’s dislike towards “blockchain”, but love towards all things Bitcoin. So, you must be wondering, who is Steve Lee?”

If we take a quick look at Lee’s LinkedIn profile, we can see that he in an alumnus at both Google and Yahoo. Furthermore, it says that at Google he excelled as a director and managed teams behind Google Maps, Google Glass and certain aspects of the firm’s mobile app branches. On top of this, Lee is an angel investor after making early investments in Pintrest, Lyft, Groupon and Anchor Labs. Currently though, Lee is a volunteer for the Bitcoin decentralised project and acts as a catalyst for the adoption of the cryptocurrency in the Bay Area.

Square describe him as:

“An angel investor, startup advisor, and former Director at Google. He is also a volunteer PM helping to drive bitcoin adoption through open-source development, UX, and storytelling.”

BTC Adoption

This is Square’s first hire. Back in March the CEO of Twitter, Dorsey, impressed the community with a very random but bullish announcement.

“On March 20th, the Missouri native, who joins Elon Musk as an outspoken crypto proponent, revealed that the multi-billion dollar company in Square intends to hire up to five talents for “open source contributions to the Bitcoin and crypto ecosystem.” At the time, Dorsey stated that he intended to open three or four of those spots to engineers, especially those who have experience working with open blockchain ecosystems, while the remaining seats would be left for a designer.”

Square is one of the few mainstream companies that is working with Bitcoin and it is even the only one diirectly selling it. The businesss sold more than $50 million worth of cryptocurrency in the last fiscal quarter and is apparently a big catalyst for the growth of BTC in the US.

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