Square Product Chief Willem Avé on AI's Impact on Fintech and the Future of Money
By
Nilay Patel
Baker's choice. Dense with flavour, light on filler.
Summary
This article features an interview with Willem Avé, Square's head of product, discussing the evolution of Square from its origins as a credit card reader company to its current position as part of Block (formerly Square Inc.). The conversation covers Square's transformation, the death of physical currency like pennies, and the future of money, with particular focus on how AI represents the most significant technological shift in two decades and its implications for fintech innovation.
Key quotes
· 3 pulledSquare itself is part of a parent company called Block, which is made up of a really interesting mix of financial services like Cash App, the digital wallet and payment platform
Square's Willem Avé thinks AI is the most exciting technology shift in two decades
Square was started by billionaire Jack Dorsey, of Twitter fame, more than 15 years ago, and it got big on the back of that little magnetic reader that plugged into the headphone jack of the iPhone
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