Square Inc. #SoftStaking
Square Inc. is an American financial technology (Fintech) company founded in 2009 by Jack Dorsey (co-founder of Twitter) and Jim McKelvey. The company is headquartered in San Francisco, California.
💡 Idea and Origin:
Square started with the goal of enabling small business owners to accept credit card payments using a small device that plugs into a smartphone. The idea was revolutionary, especially for home-based or mobile entrepreneurs.
📱 Key Products:
Square Reader: A small device that connects to a mobile phone to accept credit cards.
Square POS: A point-of-sale system for managing payments and sales.
Cash App: An app for transferring money and making payments between individuals, which also includes features for buying and selling cryptocurrencies.
Square Capital: A service for lending to small businesses.
Afterpay: A "buy now, pay later" service acquired by Square in 2021.
🔄 Name Change:
In December 2021, the company changed its parent name to Block Inc. to broaden its activities across several areas including cryptocurrencies (such as Bitcoin), blockchain technologies, and Web3 services, aligning with concepts like #SoftStaking and decentralized investing.
💰 Value and Impact:
Square has contributed to simplifying digital payments and opened the door for small business owners to enter the competitive market. Its expansion towards supporting digital assets enhances its role in the future of smart financing, especially in an environment where solutions are growing
