Square Names Coworkers After ‘Everyone’ in Support of Cryptocurrency
Square, the financial tech company co-founded by Twitter CEO Jack Dorsey, has name-dropped cryptocurrency founders, crypto news sites and chat apps in a series of social media posts celebrating blockchain’s rising fortunes.
The company named its Seattle headquarters after Julian Taub, a special assistant to Silicon Valley investor Tim Draper. Taub was one of the early blockchain investors in bitcoin and spoke out in support of the industry and its blockchain tech this year.
Square named its San Francisco office after Johnathan Christodoulou, an early bitcoin developer and investor who worked at bitcoin trading platforms like Mt Gox.
The company is also planning to launch a bitcoin business incubator.
The most dramatic change however has come in the name of one Square employee’s workspace.
Reporter Shishir Mehrotra, who works on Square’s Marketplace team, “wanted to ensure the cup-holder on his desk wasn’t getting messed with,” he writes in a Square blog post.
“So, he decided to change it to match the keyboard,” wrote Mehrotra. “The result is that there is only an 0.5 percent chance the keyboard will move on its own, but 97.5 percent that the cup-holder will move.”
Square has its hat in the blockchain ring. CNBC reported in 2015 that Dorsey’s vision for a blockchain-based payments system would be implemented in Square’s Market app to help users pay each other. In a note to staff in September, Dorsey said the platform was transitioning to allow users to buy and sell bitcoins.
Square’s sowing of crypto seeds comes at a time when many US-based financial firms are choosing to be more transparent about cryptocurrencies and blockchain, in contrast to global banks and other financial services.
The Bank of England and European Central Bank have signed an agreement to share expertise about crypto.
More recently, Visa (V) named former JPMorgan vice president Sarah Friar its new chief operating officer. Friar is an bitcoin advocate and is credited with bringing Domino’s Pizza to the mobile payments platform.
Highlights for Goldman Sachs’ (GS) Bitcoin Investment Fund
Goldman Sachs Group (GS) has added on to its Bitcoin Investment Fund (GBTCX) and un-featured Bitcoin exchange-traded fund (ETF). The fund, launched in October, now has nearly 25 million shares outstanding.