Square Plans to Hire Engineers and Designer to Work on Crypto Initiatives

Payment startup Square considers hiring a few engineers and a designer to join its crypto projects, according to CEO Jack Dorsey’s tweets.

Dorsey, who is also co-founder and CEO of Twitter, revealed March 20 that Square considers hiring three or four engineers and a designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.” A spokesperson from Square stated there were no specific details to add beyond the tweets.

It is interesting to note, however, that these new hires can choose to be paid in bitcoin, according to Dorsey.

Dorsey said that all work will be open source and the new hires will not be centering on the own commercial interest of Square, but rather “on what’s best for the crypto community.”

Dorsey has been a solid supporter of bitcoin, stating frequently that he hopes that bitcoin will be the internet’s—and the world’s—single currency in the future.

In the March 20 tweet thread, Dorsey underscored that enhancing the crypto ecosystem looks to be “the most impactful thing” Square can offer the community, adding that:

“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 has already a feature that supports bitcoin buying and sales, and Dorsey earlier revealed that it would add support for Lightning Network, a layer-2 solution for facilitating fast, small transactions.