29 Jul Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’
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Square Crypto is focused on bitcoin, not the publicly traded company’s specific products.
That was the message Monday during a Twitter ask-me-anything (AMA) with the head of Square’s crypto team, Steve Lee.
The unit’s playful Twitter account fielded questions from its followers as well as crypto-community luminaries. With tweets signed simply “Steve,” it was Lee’s first set of public remarks on the team’s broad objectives since being hired in June.
Probably the single most illuminating moment of the AMA was this exchange:
The product we’re focusing on is Bitcoin. It has been up and running for over 10 years… but there’s still a lot that needs to be done before we reach mass adoption. – Steve https://t.co/oU0yzhpWqX
— Square Crypto (@sqcrypto) July 29, 2019
Many participants seemed to assume that Square Crypto had been built to improve how the payments company serves its existing crypto users. Square’s Cash App has been steadily earning more…
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