executive officer and head of business @blocks: @cashapp @square @afterpayusa @goose_OSS @TIDAL
NYC / SF
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i think ultimately the issuing side's best positioned for consumer machine commerce vs. the wallets / networks / wrappers.
the issuing side:
• controls the auth (i.e., truly, ultimately decides if money moves)
• can program the delegation layer (merchant / MCC, time, amount, duration etc.)
• owns the downside ... so CARES fundamentally (fraud, disputes, CS, refunds)
• knows the customer and owns IDV (has customer relationship, can provision, has events/signals)
hard to see issuing side giving up scope to other players here medium- longterm.
wallets own interface, networks own protocol, issuing owns permission.
interface/permission seem most critical-
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OBJ retweeted
No soft forks, no bridges, no operators, just Bitcoin.
We’ve put a lot of work into thinking carefully about the security of Shielded Bitcoin and about what information the protocol reveals. And this is just the beginning!
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KDS headstart is here!
From new ways for customers to find you, to fewer steps during service. A preview of 8 new features that start rolling out next week:
→ Connected sellers can keep hours, logo, and contact details in sync on Apple Maps
→ Keep taking orders for later fulfillment even when today's items sell out
→ See the revenue each channel brought in, rather than a lump sum
→ Give the kitchen a head start on items as they're rung in
→ Set up a service charge once and it adds itself to every check
Check out all of our newest tools and features here: squareup.com/us/en/release-n…
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lightning -> x402
Block has joined the x402 Foundation, an open standard for agentic payments, to help build the rails that will let people, businesses, and agents pay and get paid.
We’ve also contributed Bitcoin Lightning payments, which is purpose-built for the instant, low-cost, high-volume payments that agentic commerce will depend on.
More here: block.xyz/inside/block-joins…
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helping sellers claim their SPOT on the MAP
Square sellers can now connect to Apple Business, making them first class citizens of Apple Maps and Siri. Excited to get this foundation for Apple agentic commerce built. More to come. squareup.com/us/en/partnersh…
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OBJ retweeted
Cash App is partnering with Workday to meet modern earners where they get paid.
Starting October 1, Cash App will appear as a direct deposit option for eligible U.S. employees within Workday’s Enhanced Direct Deposit experience.
More here: cash.app/press/cash-app-part…
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lots and lots of conversations about BUZZ after this panel
🐝🐝🐝
[Field notes] @owenbjennings at @theinformation AI Agenda Live shared more on the layers to building Block as intelligence company:
- Our world models are deepening what we understand about our operations and our customers
- How agent loops are helping teams ship faster
- Why model agnostic is the way to go
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[TODAY] chatting about what it actually means to build @Blocks as an Intelligence . . .
-how we're building our world models
-the agent loops doing the work
-separating capabilities from interfaces
-the diff btw proactive intelligence and intelligence
theinformation.com/events/ai…
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shifting to buzz to accelerate engineering.block.xyz/blog/s…
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teams are buzzing all over the world 🐝
I’ve been building software for 25 years and my Buzz agents are my favorite dev team I’ve ever had the pleasure of working with.
Reliable, responsive, excellent judgement and they explain the decision trade offs so well.
@hot_town @gregisenberg @_tombrow @owenbjennings @jack @MatthewBerman
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OBJ retweeted
Most Flexport customers can benefit from using Faire to access boutiques and smaller retailers as a new channel. Excited for them to IPO!
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Upgrading us to a 6.75 / 10
@somanykings and his agents have been working the weekend
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based on all the dots i’m seeing … think the crazy “demo” / stunt will be dropping a roadster from a helicopter or plane and then it will use the spacex thrusters to stabilize / hover and then land safely.
so ‘kind of’ a flying car …
no idea what the thrusters will do for normal driving. probs just around extreme acceleration/deceleration?
🍿
BREAKING: FAA restricts airspace above Waco, TX for the Tesla Roadster's October 1st reveal, as speculation grows it could be equipped with SpaceX rocket trusters.
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