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Invent ing Square
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In 2012, Starbucks announced it would be using Square for all its credit
or debit transactions. Companies like Apple have been using Square for
a long time already.
OTHER VERSIONS
Square, Inc. has branched off in many different directions over the years.
Square Wallet puts even more emphasis on smartphones than even
Square did. It cuts out the need for a credit card altogether, because
people who use Square Wallet can store their payment information on
their smartphone and share it with the merchant automatically. Square
Wallet is currently used on Android and Apple phones.
According to Jack, “Money touches every single person on the planet,”
so Square is useful for everyone who would like their money transactions
to go just a little bit smoother. Square released a few new, innovative
Text-Dependent Questions
1. Why was Jack forced out of his CEO position at Twitter in 2008?
2. What caused Jack Dorsey and Jim McKelvey to come up with
the idea that would eventually become Square?
3. What process did Jack go through when picking a name for
Square and why did he settle on the name he did?
4. Who were the three men who worked on the functionality of Square and
what were their three separate roles?
5. What are some of the advantages of using a Square Register instead of any
other cash register?
6. How does Square Wallet help both customers and merchants make faster
transactions than ever before?