Block runs two big two-sided fintech ecosystems: Square, the point-of-sale and software stack ~4M sellers use to get paid, and Cash App, the consumer wallet used by ~57M people to spend, save, borrow and buy bitcoin. It earns a slice of each transaction, rides Visa and Mastercard's rails, and folded buy-now-pay-later giant Afterpay into both sides.
What Block, Inc. really sells
Block runs two big two-sided fintech ecosystems: Square, the point-of-sale and software stack ~4M sellers use to get paid, and Cash App, the consumer wallet used by ~57M people to spend, save, borrow and buy bitcoin. It earns a slice of each transaction, rides Visa and Mastercard's rails, and folded buy-now-pay-later giant Afterpay into both sides.