From the mass adoption of Bitcoin to XRP’s big tease, here’s a look at some of the stories breaking in the world of crypto.
Global payment processing giant Square says it will make mass adoption of Bitcoin inevitable. In a viral tweet, the newly formed Square Crypto is touting plans to boost the crypto ecosystem. Led by Square and Twitter CEO Jack Dorsey, the company says it’s going full throttle.
We are close to making our first hire. So let’s set some expectations. True to @jack’s founding tweets, we are building open source projects that will make mass adoption not just possible but inevitable.
Our goal isn’t to make money, but to improve it.
— Square Crypto (@sqcrypto) May 21, 2019
Back in March, Dorsey laid out the company’s initial hiring plans.
“Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto.”
The San Francisco-based mobile payments company integrated Bitcoin buying and selling on its Cash App in January of 2018, and reported a 72% jump in sales in the first quarter of 2019.
The app, which allows users to transfer money to one another, ranks as the #1 finance app in the App Store. In August of 2018, when it reached 33.5 million downloads, it surpassed Venmo’s 32.9 million.
Global automotive supplier Bosch is testing an Ethereum-based solution for connecting machines via smart contracts. The company is running prototypes on Ethereum,