Saturday, April 13, 2024

Job advertisements on the Block indicate Jack Dorsey’s Bitcoin aspirations

Block, previously known as Square, recently posted two jobs on LinkedIn. These positions were posted on LinkedIn during the last 24 hours. This development is indicative of Jack Dorsey’s plans to enter the crypto space. The firm announced that it would be developing of modern mining ASIC. The firm also revealed that it would also be making a hardware wallet.

The announced positions will work out of Block’s headquarters based in San Francisco.

One position is for – ‘Lead, Digital Design’. The primary expectation from the incumbent will be to enable validation of ASIC. Validation will initially be progressed for the ASIC prototype. ASIC is machine used for mining of BTC. ASIC is also rated as a superior option that aids network security. The notification on LinkedIn clearly highlights that the firm intends to build ASICs customized for the mining of bitcoins.

The other position notified, will be responsible for the logistics lead and global hardware wallet fulfillment. The firm plans to make the wallet available in over 100 countries.

Dorsey had hinted on such developments in 2021. He had then revealed that the firm intends to build a mining system for BTC. The firm also revealed that it was building a BTC hardware wallet. The job positions now notified on LinkedIn are indicative of these plans coming to fruition.

Block is the parent firm for several other firms. All the firms are committed to advancing the adoption of BTC.

Among the group’s firms there are a total of 650 other open positions. Besides the above two product roles, there are also several open leadership roles in public policy.

After stepping down as Twitter’s CEO, Dorsey has very publicly advocated BTC adoption. At the same time he is also strongly opposed to Web3. BTC adoption is gaining adoption among NBA stars with some NBA stars having accepted to receive their salaries in bitcoins.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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