Copy link
Increase text size
Decrease text size
Link copied

Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption

Wed, 21 Aug 2019, 06:18 am UTC

Square Crypto, the crypto initiative of payments company Square, has onboarded Blockstream co-founder and bitcoin developer Matt Corallo.

As officially announced on Twitter, the big-time hire will “play a vital role at [Square Crypto], as much as he did at [Chaincode Labs], providing valuable experience of Bitcoin engineering within the team and broader ecosystem of new devs.”

According to the company, Corallo’s background is “the best imaginable foundation for our goal of accelerating bitcoin adoption on a massive scale.” It further enumerated the projects Corallo has worked on, including Core, Bitcoinj, FIBRE, BetterHash, Rust-Lightning, and other open-source initiatives like Signal. He also previously served at Bitcoin development company Chaincode Labs as a Bitcoin Open Source Developer.

In response to the announcement, Corallo, who will be joining Twitter CEO Jack Dorsey’s company in the coming weeks, expressed his excitement.

So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!

In an interview with CoinDesk, Corallo said that he aims to work with “a team that crosses the entire range of talent and type of experience.”

It’s a little bit different than Chaincode or Blockstream research. To work together on projects with a tightly knit team that are a little bit more focused. Hopefully take on bigger problems, and problems that cross more talent bases,” he said.

The latest hire follows after the firm’s project manager Steve Lee said that Square Crypto is focused on bitcoin and not its specific products. Although it appears that most participants think that Square Crypto was made to enhance crypto users’ experience, Lee underscored that the team is not focused on improving the Cash App’s functionality. He further described the payments service company as “an open-source initiative” that is meant to support the bitcoin ecosystem.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,624.57 (-2.44%)
  • Ethereum (ETH) $263.41 (-2.64%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $371.97 (-6.03%)
  • Bitcoin SV (BSV) $275.40 (-5.19%)
  • Bitcoin (BTC) $9,624.57 (-2.44%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft