Born in 1976 in St. Louis, Missouri, Jack Dorsey is the co-founder and CEO of Twitter and the co-founder and CEO of Square, a mobile payment company who has several products that incorporate bitcoin. Dorsey has used his influence to advocate for bitcoin and often tweets about it. He has argued that bitcoin is the native currency of the internet.
Dorsey founded Twitter with Noah Glass, Biz Stone and Evan Williams in 2006 which grew rapidly in popularity. By 2012, the social media outlet had 140 million active users, and averaged 340 million tweets a day and in 2018, that number reached 321 million monthly users.
In 2010, Dorsey and Jim McKelvey launched Square, Inc., a mobile payments company mostly targeting retail services. The first product they offered was the ability to link credit cards to phones via payment device that attaches to a device’s audio jack.
In 2014, Dorsey announced that the Square mobile payment company would integrate payments in Bitcoin through its app, and argued that all payment types should be accepted in order to reach all businesses and sellers. In 2015, Square rolled out Cash App (formerly Square Cash), an app that allows users to transfer money to one another using their phones. The app added a feature that allowed users to buy and sell bitcoin in 2018. Square’s highest quarterly volume of bitcoin-related revenue recorded was reached in the first quarter of 2019 at $65.5 million.
In 2019, Dorsey announced that he would hire developers to work on Square’s bitcoin and crypto endeavors. He notably said the developers would report directly to him, and offered to pay them in bitcoin.
Authored by John Metais. Image via CoinDesk.