Two months after announcing its plans to bring a Bitcoin hardware wallet to the market, Jack Dorsey’s Sqaure Inc is taking further initiatives. Recently, Dorsey tweeted that his company is looking to hire a hardware wallet engineer who will help them build a non-custodial crypto wallet.
The development for the same will be completely open-source and the details will be all in public. Thus, if you’re the right fit for the job you can be a part of Square’s team.
— jack⚡️ (@jack) August 6, 2021
In its job listing, Sqaure Inc has explicitly mentioned its requirement for the job. The job description reads:
We’re making a hardware wallet for the next 100M bitcoin users. Our goal is economic empowerment — starting with bringing easy-to-use, reliable self-custody to a global audience.
We’re assembling a team deeply experienced in an extremely wide range of disciplines, including business, operations, design, software, hardware, security, and so many other aspects of product delivery. Come build the future of crypto-enabling hardware with us!
Square’s Crypto Initiative
Jack Dorsey is an ardent supporter of Bitcoin and crypto technology and so his company has initiated some key initiatives in the crypto space. Recently, the company clocked 3x growth in Q2 2021 with its Bitcoin revenue shooting at $2.72 billion.
The company has invested more than $220 million in Bitcoin over the last year. In its report, the company noted that “as of June 30, 2021, the fair value of our investment in bitcoin was $281 million based on observable market prices, which is $127 million greater than the carrying value of the investment.”
Last month, Jack Dorsey also announced that Square will be building a DeFi ecosystem atop the Bitcoin blockchain network. Square shall be building an “easy to create non-custodial, permissionless, and decentralized financial services,” noted Dorsey.
Earlier this week, Square also acquired Australia-based fintech company Afterpay for a massive $29 billion in a cash + stock deal.
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