Square’s Cash App Seeks Bitcoin Operations Manager to Forge ‘New Revenue Lines’
Twitter CEO Jack Dorsey’s Square continues to delve deeper into Bitcoin. After a $50 million investment in the leading digital asset, creating an entire crypto division, and forming COPA, Square’s Cash App, which has over 24 monthly active users, is now hiring for a Bitcoin operations manager.
The person will be responsible for managing certain aspects of its bitcoin business, including liquidity management, trading, and custody/cold storage while mitigating security and financial risks.
Additionally, the individual will be responsible for optimizing strategic Bitcoin partnerships and collaborating with internal and external partners.
“Drive financial performance of our rapidly scaling bitcoin business, which includes forging new revenue lines,” further mentions the job responsibility of the person who is required to have over 10 years of experience in the payments field and 2-5 years of Bitcoin knowledge.
“Entrepreneurial drive is key.”
Besides driving operational efficiency, the person would have to collaborate across cross-functional constituents, including the Cash App engineering, design, product, finance, legal, compliance, customer support, data science, and risk operations.
Identifying and remediating operational issues together with managing key external partners, participating in cross-functional projects, and supporting product development, and analyzing and leveraging multiple sources of data to make informed business decisions are also required from this full-time position.
This makes sense given that Cash App users consume more than 8% of Bitcoin’s daily issuance, and every quarter the Bitcoin sales record a significant increase. With the BTC price on the move amidst monetary stimulus, Cash App may even see more growth.