Twitter CEO Jack Dorsey is taking further steps to incorporate bitcoin and cryptocurrencies into his mobile payment business Square, according to the rich.
Jack Dorsey was a big admirer of bitcoin, which recently experienced a recovery that has seen most major cryptocurrencies rise.
Now Square has said it plans to “improve funding” through the development of its bitcoin and encryption technology, while Square’s cryptographic money business unit also said on Twitter that it was about to recruit for the first time. In addition, many bitcoin and cryptographic currency investors want Square to lead a new wave of bitcoin applications.
In march, Jack Dorsey said Square planned to hire engineers and a designer to work full-time as an open source contributor to the bitcoin and cryptocurrency ecosystem.