RIP Cash App founder... Too Young To Go....

Science & Technology
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[SIZE=7]Bob Lee, Cash App founder, and former Square executive, dead at age 43[/SIZE]

Bob Lee, Cash App founder and current executive at cryptocurrency firm MobileCoin, has died, the company told ABC News. He was 43 years old.

A longtime tech executive, Lee was the first chief technology officer at Square, a digital payment company founded by former Twitter CEO Jack Dorsey.
“Bob was a dynamo, a force of nature,” Joshua Goldbard, the CEO of MobileCoin, told ABC News in a statement.

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Bob Lee, Cash App founder and former Square executive© Handout

“He was made for the world that is being born right now, he was a child of dreams, and whatever he imagined, no matter how crazy, he made real,” Goldbard added.

During the 2000s, Lee worked at Google, where he helped develop Android.
Cash App and the San Francisco Police Department did not immediately respond to a request for comment.
Lee is survived by his wife, Krista, and their two children.
“Bob’s real resume is the hearts and minds he touched in his time on earth,” Goldbarb said.
“Bob’s legacy is the feeling that you can make a difference if you try, and of course his amazing children.”

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In this photo illustration a Cash App logo seen displayed on a smartphone screen on a desk next to a Macbook in Athens, Greece,
Oct. 4, 2022.© Illustration by Nikolas Kokovlis/NurPhoto via AP, FILE

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Read somewhere he was stabbed or something which is unfortunate for a man his stature

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Friends and former colleagues in the tech world mourned the death of Cash App founder Bob Lee on Wednesday, just hours after the CEO was stabbed to death in an apparently random attack

Lee, 43, was killed early Tuesday morning in San Francisco, and his attacker has yet to be identified or apprehended. Twitter CEO Elon Musk called the crime situation in San Francisco “horrific” after hearing about the attack.

“Very sorry to hear that,” Musk told a user referencing Lee’s killing.

“Many people I know have been severely assaulted. Violent crime in SF is horrific and even if attackers are caught, they are often released immediately.”

Musk went on to tag the San Francisco district attorney to ask what she was doing to lower violent crime rates.

Jack Dorsey, who owns the parent company of Cash App, also expressed his condolences after confirming the murder on social media.

“It’s real. Getting calls. Heartbreaking,” Dorsey announced. “Bob was instrumental to Square and Cash App. STL guy.”

A number of other tech CEOs joined in mourning Lee after news of his death broke. Lee was the father to two daughters.

[B]CONCERNS ESCALATE OVER SAN FRANCISCO’S RISING CRIME HURTING BUSINESS[/B]

“I’m still in shock,” a friend of the slain executive told the San Francisco Chronicle. “No way he did anything to provoke this and I feel like he would just hand his money and watch to a mugger.”

“I just got the devastating news that our friend Bob Lee was killed in SF early today,” Abra Global CEO Bill Barhydt wrote on Twitter. “Bob was a dad, the former CTO of Square where he created Cash App & CTO of Mobile Coin. He was a generous decent human being who didn’t deserve to be killed.”

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Okay. Let the conspiracy theories roll in

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Crazy

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:D:D

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Liberal policies of letting ‘petty’ offenders roam the streets. He’s prominent so many noticed, but how many are suffering in silence ?

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Probably killed by someone he knew. Homeless people rarely stab anyone.

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[SIZE=5]I have already came across a conspiracy theory that is very, very, very close to the truth. Apparently, the US government is supposedly launching a new service, similar to the CashApp, in July. Talk of getting rid of competition and controlling citizen’s bank.[/SIZE]

[SIZE=6]Press Release[/SIZE]
March 15, 2023
[SIZE=5]Federal Reserve announces July launch for the FedNow Service[/SIZE]
For release at 5:00 p.m. EDT
[ul]
[li]Share[/li][/ul]

The Service will Debut with Financial Institutions and the U.S. Treasury on Board
CHICAGO – The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch.
The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. Early adopters will complete a customer testing and certification program, informed by feedback from the FedNow Pilot Program, to prepare for sending live transactions through the system.
Certification encompasses a comprehensive testing curriculum with defined expectations for operational readiness and network experience. In June, the Federal Reserve and certified participants will conduct production validation activities to confirm readiness for the July launch.
“We couldn’t be more excited about the forthcoming FedNow launch, which will enable every participating financial institution, the smallest to the largest and from all corners of the country, to offer a modern instant payment solution,” said Ken Montgomery, first vice president of the Federal Reserve Bank of Boston and FedNow program executive. “With the launch drawing near, we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service.”
Many early adopters have declared their intent to begin using the service in July, including a diverse mix of financial institutions of all sizes, the largest processors, and the U.S. Treasury.
In addition to preparing early adopters for the July launch, the Federal Reserve continues to engage a range of financial institutions and service providers to complete the testing and certification program and implement the service throughout 2023 and beyond. Montgomery noted that availability of the service is just the beginning, and growing the network of participating financial institutions will be key to increasing the availability of instant payments for consumers and businesses across the country.
The FedNow Service will launch with a robust set of core clearing and settlement functionality and value-added features. More features and enhancements will be added in future releases to continue supporting safety, resiliency and innovation in the industry as the FedNow network expands in the coming years.
“With the FedNow Service, the Federal Reserve is creating a leading-edge payments system that is resilient, adaptive, and accessible,” said Tom Barkin, president of the Federal Reserve Bank of Richmond and FedNow Program executive sponsor. “The launch reflects an important milestone in the journey to help financial institutions serve customer needs for instant payments to better support nearly every aspect of our economy.”
About the FedNow Service
The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve’s FedLine® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FedNowExplorer.org.

Last Update: March 15, 2023

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There are dozens of Apps like CashApp.Looks like they going to kill alot of founders? CashApp, Zelle, Venmo, PayPal, Google pay, ApplePay, SamsungPay, WorldRemit….

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Nope, looks like CashApp was probably the most popular and its owner didn’t just tow the lines like the other apps. Kwanza si PayPl is a very woke friendly app considering their introduction to the speech limiting policy.

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Where did you get such info?

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Nowhere. I just hemorrhaged that info. I call it the Simiyu Technique

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Great. You forgot a Simiyu process called filtering.

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:D:D:D

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You apply it probably 0.00002% of time

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Hana bodyguards?

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These guys believe they can mingle with ordinary people safely because over here people dress alike…jeans-T shirts hoodies are normal attire.

What I don’t get is why he was visiting his old city and decided to walk alone in the streets at 2 am…

Police officers responded to reports of the stabbing on Tuesday at around 2:35 am local time (10:35 BST).

The San Francisco Standard viewed CCTV footage that shows Mr Lee walking down a deserted alleyway, seemingly looking for help.

Mr Lee is seen stumbling towards a parked car and lifting up his shirt to reveal his wound, but the vehicle drives off before the tech entrepreneur falls to the ground.
Police found Mr Lee unconscious in the Rincon Hill neighborhood with two stab wounds to his chest, and started to administer aid before rushing him to the hospital, according to the San Francisco Chronicle.
Mr Lee’s father posted a message on Facebook on Wednesday saying: “I just lost my best friend, my son Bob Lee when he lost his life on the street in San Francisco early Tuesday morning.”
Mr Lee was living in Miami, Florida, but he was visiting San Francisco for a leadership summit and was staying on to see friends, according to BBC’s US partner, CBS News.

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Poor decision making brought about his demise.

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A suspect has been arrested in the slaying of CashApp founder Bob Lee, The San Francisco Chronicle and Mission Local reported Thursday.

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Photo: Wikipedia Commons© Raw Story

“The man is a tech executive, according to the [police] report,” said the short Chronicle report.

According to the Local report, the arrest happened in Emeryville, across the bay from San Francisco and south of Berkeley. Mission Local reported the address corresponded to IT Consultant and Entrepreneur Nima Momeni of Expand IT, Inc.

Notable tech personalities in the city, including Twitter CEO Elon Musk, had claimed that the predawn knifing of Lee on April 4 was nothing more than a robbery and random attack.

“Many people I know have been severely assaulted,” the Twitter billionaire proclaimed. “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately.”

Lee was an investor in several science and tech companies, including Musk’s SpaceX.

Police explained that the robbery and random attack claims from Musk never made sense with the actual evidence.

“Lee and Momeni were portrayed by police as being familiar with one another,” said Mission Local. “In the wee hours of April 4, they were purportedly driving together through downtown San Francisco in a car registered to the suspect. Some manner of confrontation allegedly commenced while both men were in the vehicle and potentially continued after Lee exited the car.”

Momeni is suspected of stabbing Lee many times and the knife was recovered near the location on Main Street, the Local reported.
“This scenario would explain in part why Lee was walking through a portion of Main Street in which there is little to no foot traffic at 2:30 a.m.,” the report explained. “That was one of several incongruous circumstances surrounding Lee’s violent death, which law-enforcement sources from the get-go felt made it far from a straightforward or random crime.”
The report noted that there have been a number of killings in San Francisco - though Lee’s received by far the most attention.
“Lee’s death, however, was packaged in the media and on social media into a highlight reel of recent San Francisco misfortunes and crimes: large groups of young people brawling at Stonestown; the abrupt closure of the mid-market Whole Foods, leaving San Franciscans just eight other Whole Foods within city limits; the severe beating of former fire commissioner Don Carmignani in the Marina District, allegedly by belligerent homeless people — it all adds up to a feeling of a city coming undone,” Mission Local described.
It ignores the history of most of the city and its residents and “omits potentially mitigating details of the individual events,” the report said. Carmignani’s attack came after he first pepper-sprayed the homeless man who attacked him, the Local said.

Read the full report at Mission Local.