Square Crypto Goes Full Bitcoin, Hires Well-Known Blockstream Co-Founder

Square Bags Prominent Bitcoin Dev

Square Crypto, the fintech firm’s cryptocurrency-centric arm, has finally made its second hire.

Announced in a series of tweets posted on Tuesday morning, the upstart is bringing on Matt Corallo, a legendary Bitcoin developer that famously co-founded Blockstream. Corallo brings his years of experience in the industry, having authored improvements like rust-lightning, which makes it easier for developers to build and interact with this blockchain.

Corallo has also contributed to an array of other projects. One of Square Crypto’s fun introductory tweets reads:

Matt’s experience as a bitcoin dev spans projects from Core to Bitcoinj, FIBRE, BetterHash, Rust-Lightning, plus other open-source initiatives like Signal.

The firm added that the developer’s background is “the best imaginable foundation” for Square’s goal of accelerating the adoption of Bitcoin on a global scale.

Indeed, Corallo tweeted on Tuesday that he will be experimenting with different models to “accelerate Bitcoin OSS”.

While he didn’t tip his hand as to what exact projects he will be working on, he told CoinDesk that he hopes to work with a team to “address issues related to the Bitcoin user experience for various use cases.”

The hiring of Corallo comes after the Square Crypto Twitter account claimed that it has been…

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