Square Is Hiring New Crypto Engineers — And It Wants to Pay Them in Bitcoin (#GotBitcoin?)
Payments startup Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey. Square Is Hiring New Crypto Engineers — And It Wants to Pay Them in Bitcoin
Dorsey, who also founded and runs Twitter, announced Wednesday evening that Square plans to hire three or four engineers and one designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.” A Square spokesman said there was no additional information to share beyond the tweets.
Perhaps more notably, these new hires have the option of being paid in bitcoin, Dorsey said.
All work will be open source, and according to Dorsey, the new hires will not be focusing on Square’s own commercial interests, but rather, “on what’s best for the crypto community.”
Dorsey has long been a proponent of bitcoin, repeatedly saying he hopes that bitcoin will become the internet’s – and the world’s – single native currency in the far future.
In Wednesday’s tweet thread, Dorsey added that improving the crypto ecosystem seems to be “the most impactful thing” Square can do for the community, going on to say:
“Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”
Square’s Cash App already supports bitcoin purchases and sales, and Dorsey previously announced that it would support the Lightning Network, a layer-2 solution aimed at facilitating small, fast transactions.
Square Crypto Hires Lightning, Libra Developers for ‘Bitcoin Dream Team’
Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just announced three new hires to work on open source projects.
Among them is Facebook and BitGo alum Arik Sosman, most recently a member of the social media giant’s Calibra subsidiary. He told CoinDesk:
“My personal areas of interest are privacy and [Layer 2] scalability, though we’ll see what the team ultimately ends up working on. … I’m extremely excited and grateful for the opportunity to join this amazing team, and to focus on contributing to the most important cryptocurrency and ecosystem.”
The other two notable hires, Lightning Labs alum Valentine Wallace and Google alum Jeffrey Czyz, are joining to help “grow the FOSS [free and open software] developer base,” according to company tweets.
Square Crypto is still hiring as well, looking for a designer to join the team led by former Google product director Steve Lee.
“Software engineering is far from the only realm people can make contributions to open-source projects in,” Sosman said. “Steve himself being a product manager is but one example.”
According to another company tweet Thursday, Square Crypto is still “deciding what our first project will be,” adding:
“There’s no project we won’t consider, as long as it improves or proliferates bitcoin.” Square Is Hiring New,Square Is Hiring New