Square Crypto’s Exciting New Addition
In a thrilling development for the world of cryptocurrency, Square Crypto, the crypto-centric arm of mobile payments giant Square, has made waves by hiring Matt Corallo, a prominent Bitcoin developer and co-founder of Blockstream. The news broke via an official Twitter announcement on August 20, igniting excitement within the crypto community.
Meet Matt Corallo: The Newest Team Member
Corallo, who boasts an impressive resume as a Bitcoin Open Source Developer, expressed his enthusiasm in a Twitter post stating:
“So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!”
Prior to joining Square Crypto, Corallo lent his expertise to Chaincode Labs, a hub for Bitcoin development, for almost three years. His work at Blockstream adds to his credentials, where he played a key role for nearly two and a half years.
Jack Dorsey’s Vision for Crypto
The hiring of Corallo aligns perfectly with Square’s overarching goal set by Twitter founder Jack Dorsey. Known for his passion for cryptocurrency, Dorsey is assembling a dedicated team to enhance crypto infrastructure. The envisioned squad consists of a select few software engineers and one designer, all committed to open-source projects that will potentially reshape the industry.
A Foundation for Bitcoin Development
Steve Lee, the project manager at Square Crypto, previously stated in a Twitter “ask me anything” session that the focus remains sharply on developing vital support for the Bitcoin ecosystem. He mentioned:
“We are very, very pro-Bitcoin. There is more than enough work for us to do there. That said, we are open to emerging use cases and technologies that complement Bitcoin.”
This underscores the team’s commitment to fostering innovation while remaining rooted in Bitcoin’s foundational technology.
The Road Ahead: Open Source Innovations
As Square Crypto welcomes Corallo, the future looks promising for Bitcoin enthusiasts. The open-source nature of Corallo’s work signifies a potential backdrop for transformative applications that could elevate the Bitcoin experience for users everywhere. Anticipation builds as the team gears up to unleash their vision!
