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.
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 Hires Ex-Google Director as First Member of New Crypto Team
Published on Jun 12, 2019
by Coindesk | Published on Coinage
MetLife, the world's sixth-largest insurance company, using Ethereum to transform life insurance
MetLife, one of the globe's largest providers of insurance, is using Ethereum to transform the life insurance claims process.
LINE's Crypto Exchange Could Win Japan License This Month, Report Says
Japanese messaging giant LINE may soon be able to open a cryptocurrency exchange for users based in the country, according to a report from Bloomberg.
Facebook's Libra sparks privacy concerns while Monero, Zcash, Zcoin and Grin surge
Monero is sitting at a pivotal point based on the 3-day chart.
Blockchain Video Startup YouNow Files With SEC to Give Away Tokens
The New York-based startup has filed a Reg-A+ offering circular for its Props token with the Securities and Exchange Commission - even though it isn't selling them to investors, accredited or otherwise.