Jack Dorsey, CEO of Twitter, is hiring a new, small team of engineers and a designer to work as a division of Square Crypto, a payment provider co-founded by Dorsey. The team would report directly to Dorsey, and is set to aid the crypto ecosystem.
“This will be Square’s first open source initiative independent of our business objectives. These folks will focus entirely on what’s best for the crypto community and individual economic empowerment, not on Square’s commercial interests. All resulting work will be open and free,” Jack Dorsey tweeted without elaborating on who will decide what’s best for the crypto community.
Jack Dorsey says this is a way for Square to give back to the community as it has taken a lot from the open source community. Moreover, “it’s aligned with our broader interests: a more accessible global financial system for the internet.“
There will also be a designer added to the team as “this is an underfunded area in the crypto ecosystem” and “great design will help more people access this technology faster and better.“
Jack Dorsey has continually been in the news in the first quarter of 2019. Recently, he tweeted out his public support for the Trezor hardware wallet. He also supported Casa Node, a plug-and-play solution for running a Bitcoin and Lightning Network node. Furthermore, Dorsey also revealed more about just how positively he views Bitcoin, saying he recently “maxed out” his weekly Bitcoin buying limit on the Cash App. That limit is currently $10,000 per week. In his opinion, Bitcoin will become the world’s single currency.
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