Jack Dorsey’s new company, Square, is hiring engineers to work on Bitcoin and other cryptocurrency projects. It seems the social media CEO isn’t just interested in making Twitter a more efficient platform; he also has big plans for cryptocurrencies and blockchain technology.
The “who owns the most bitcoin” is a question many people have been asking. The answer to this question is Jack Dorsey, CEO of Twitter and Square.
Block (formerly Square) announced his ambitions to produce “the next generation ASIC for mining” and create a hardware wallet for the next 100 million Bitcoin (BTC) users in two recent job postings on LinkedIn.
The two positions are headquartered in Block’s San Francisco headquarters and have been posted to the job portal within the last 24 hours.
The candidate for the Custom Digital Design Leader position will assist in “silicon validation of the ASIC and its prototype.” The best choice for Bitcoin network security is an ASIC, a small processor that specializes in Bitcoin mining. Block plans to create purpose-built ASICs for BTC mining, according to the latest job posting.
The second job is that of the global fulfillment and logistics leader for the hardware wallet. “Bringing easy-to-use, reliable self-control to a global audience” is at the heart of the task. Block hopes to eventually deliver its hardware wallets to more than 100 countries.
The news matches Dorsey’s statements from 2021. “Square is exploring the construction of a Bitcoin mining system based on custom silicon and open source for consumers and businesses worldwide,” Dorsey tweeted while Block was still known as Square.
Square said in July it was working on an assisted custody BTC hardware wallet. The plans seem to be coming together at this point.
Square, CashApp, Spiral, Tidal, and TBD54566975 all fall under the Block umbrella. Aside from the Tidal music streaming service, both companies are committed to increasing Bitcoin usage and economic empowerment.
There are 650 positions available in Block’s range of companies in locations around the world. There are multiple current job openings for state government policy jobs in the United States, as well as the two product-related opportunities listed above, for Block.
Jack has been vocal in his support for Bitcoin but outspoken in his opposition to Web3 since he stepped down as CEO of Twitter, with mixed results. After a succession of well-targeted tweets, he found himself between a rock and a hard place when he claimed venture capitalists are running Web3. Andreessen Horowitz, the CEO of his eponymous venture capital firm, quickly shut him down.
However, he has won over NBA players like Andre Iguodala and Klay Thompson, who will get a portion of their pay in Bitcoin with Block’s Cash app.
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