Square Hires Ex-Google Director as First Member of New Crypto Team
Payments company Square has hired former Google director Steve Lee as the first member of its new crypto team.
A Square Twitter account teased the news Wednesday afternoon without specifying what Lee’s role at the company would be. A spokesperson for Square declined to comment.
The maker of the bitcoin-friendly Cash app led by Twitter CEO Jack Dorsey announced it was hiring a crypto team in March. At the time, Dorsey said the new roles would be focusing not on Square’s own commercial interests, but rather “on what’s best for the crypto community.”
Lee, who left Google in 2015 after eight years at the search giant, has since become a Bitcoin Optech contributor. He’s also an angel investor who lists Lyft, Pinterest and Yardbarker as key exits.
Square generated $65.5 million in bitcoin-related revenue in the first quarter of 2019, its highest quarterly volume to date.
Square Cash App image via Shutterstock
You may be interested
Russia Is Getting Serious About Blockchain, but Remains on the Fence About Cryptocurrenciesbtcethereumadmin - June 16, 2019
Crypto was a hot topic at a forum featuring Russia’s top people from the economic sector. Last week, an annual…
Accept Direct Crypto Payments Using the Rocketr Gatewaybtcethereumadmin - June 16, 2019
It’s in the best interest of businesses to offer their customers a variety of payment options. Cryptocurrencies can undoubtedly bring…
Indian Crypto Community Petitions Government for Regulationbtcethereumadmin - June 16, 2019
Following widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to…