Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney.
Square Crypto, which was launched in March 2019, was “designed to strengthen the bitcoin ecosystem”, as product manager Steve Lee explained via the following tweets in July 2019:
On Friday (October 30), the Square Crypto team announced on Twitter that it is giving a grant to Valentine, who is the Design Lead at she256 (which is focused on “initiatives in breaking down barriers to entry and increasing diversity in the blockchain space”).
According to Square Crypto, Valentine is “a designer working to simplify wallet onboarding flows by reducing technical jargon and increasing user education.”
On October 8, Square announced that it had “purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million,” and went on to say that Square “believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose.”
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.