Who is Jack Dorsey?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, let’s talk about another prominent person in the crypto space: Jack Dorsey.

Jack Dorsey: Isn’t that the Twitter guy, you ask? What does he have to do with crypto?

Yes, that Jack Dorsey, co-founder and long-time CEO of Twitter is also a big player in the crypto space. Let’s dig in, and as always, start at the beginning.

Dorsey, an American born in St. Louis dropped out of college to pursue the idea of what later became Twitter. It took a while and some strange turns - from taxi dispatching to sharing messaging app statuses with friends - for the actual Twitter product to emerge, but the rest is obviously history.

But you may not know that he also started Square, a payments company that helps merchants accept credit card payments on their phone or point of sale terminal. The company has become very successful as well, and for a long time Dorsey was CEO of Square and Twitter at the same time.

If you are thinking: come on, what about crypto, here we go: Dorsey had long been interested in crypto and eventually even renamed Square to Block, with a roadmap to accept crypto at all payment terminals. He also sold his first tweet as an NFT for $48m, is a proponent of Bitcoin, and has publicly criticized Ethereum many times.

Dorsey recently left his CEO job at Twitter, to focus full time on Block. So keep an eye on that - we’ll likely see some interesting blockchain announcements from them soon.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.