the staff of the Ridgewood blog
San Francisco CA, Bob Lee, the founder of the mobile payment platform Cash App, was fatally stabbed in San Francisco early Tuesday morning. As of this writing, the police have not officially identified a suspect or motive, but say the attack happened in the city’s relatively affluent Rincon Hill neighborhood around 2:30 in the morning. He was 43 years old.
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Cash App is a mobile payment service that allows users to send and receive money from their mobile devices. The app is developed by Square Inc., a financial services and digital payments company. Cash App allows users to link their debit or credit card to the app and then use the app to send and receive money to other Cash App users.
In addition to sending and receiving money, Cash App also allows users to make purchases using the app’s Cash Card, a debit card that is linked to the user’s Cash App account balance. Users can also use the app to buy and sell Bitcoin. Cash App is available for download on iOS and Android devices.
On March 23, the parent of Cash App, Block shares plunged after noted short seller Hindenburg Research said the company’s flagship Cash App facilitates crime and lacks strong compliance controls.
The 46-year-old Lee, who was reportedly visiting from his Miami home for work, was currently serving as an executive at the cryptocurrency startup MobileCoin. He was previously chief technology officer for Square (now known as Block), a payments platform launched in 2010 by Twitter founder Jack Dorsey.
Lee’s death comes as San Francisco residents have expressed concern over safety and crime, having recalled former District Attorney Chesa Boudin last summer. Data reported by the city suggest homicides and assaults have remained relatively steady through the pandemic, while larceny and thefts have have roughly doubled (see data).
Police say an investigation into the killing is ongoing.
Likely someone seeking reparations
what a shit hole california has become