![]() ![]() ![]() The name "Square" derives from the company's square-shaped card readers. Co-founders Dorsey-who also co-founded Twitter-and McKelvey began developing the company out of a small office in St. The original inspiration for Square occurred to Jack Dorsey in 2009 when his friend Jim McKelvey was unable to complete a $2,000 sale of his glass faucets and fittings because he could not accept credit cards. Block also owns Afterpay, a buy now, pay later service TBD, a decentralized platform targeting Bitcoin and decentralized finance Tidal, a subscription-based music streaming service and Weebly, a web hosting provider. Block’s portfolio includes Cash App, which offers peer-to-peer transactions, direct deposits, a savings account, a debit card, investing in stocks and Bitcoin, a tax filing service, and personal loans. īlock's inaugural product Square is a credit card payment platform which enables small and medium-sized businesses to use smartphones or tablets as point-of-sale registers and to manage operations such as bookings, e-Commerce, inventory, payroll, shift schedules, banking, and borrowing business loans. ![]() Block’s service network reportedly includes nearly 4 million merchants and 51 million users, as of 2023. Initially named Square Inc., the company comprises various businesses within the financial technology sector. is an American public company founded in 2009 by Jack Dorsey and Jim McKelvey. ![]()
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