(BlockBar) Back in March the CEO Jack Dorsey of firm Square revealed that his payments is building a small team to help with bitcoin and cryptocurrency development. Now he has revealed more details about the project. Dorsey, who is also CEO of Twitter gave an interview to The Next Web. In the interview, he confirmed that said that he’d interviewed “tens of candidates” for the post and had hired former Google director Steve Lee to lead the team.
According to Dorsey, the new hire will take responsibility for defining its future path and building the remainder of the team. Square is currently eyeing a maximum of five engineers and one designer. To be noted, they will likely work on a single project rather than many. Commenting on this, he said, “make some step changes to various aspects of the ecosystem, versus an iteration.”
Dorsey also said that it’s important for any candidates to must have good technical abilities. Dorsey also tells the need to make cryptocurrencies more accessible along with providing education on the technology. He said, “We want to see significant open-source contributions to various projects. Bitcoin Core is a great example of that, but there’s others, too.”
While explaining its particular role in the crypto ecosystem, he said that Square Crypto might conduct “grungy, but meaningful” code reviews. To be noted, this is done in order to speed up development. There are few devs which are working on checking the correctness of the code. According to him, outside that, there’s a need for work to improve efficiency and security. He told TNW, “There’s still a number of big flaws within the Bitcoin community right now.”
The CEO also pointed that he wants to keep the role of Square in the mechanics of the team to a minimum. He also indicated that the work carried out by the team should also be open to the public. Dorsey also suggested Square Crypto could operate like a traditional open-source project. Right now, Square is eyeing bitcoin technology in its products too. Dorsey also said that there are plans to integrate the lightning network with Square’s Cash app.