Square has partnered with start-up campus STATION F, which will help entrepreneurs access Square’s commerce and payments resources, expertise and application programming interfaces (APIs), according to a press release Monday (Oct. 19).
The partnership will help Square allow STATION F to successfully deliver on their vision, with Square offering workshops to help leaders in the commerce space, letting them use a communications channel and build solutions on Square’s APIs.
It will also give STATION F founders access to discounts on Square hardware and free payment processing.
“It’s very exciting for us to be partnering with Square,” said Roxanne Varza, Director of STATION F. “The STATION F start-up community will be able to benefit immensely from their expertise in the payments space, and also from their own entrepreneurial journey.
“Partnering with Square will bring great insight to our start-up community and enrich the services that STATION F provides to its entrepreneurs. As an innovative leader in the commerce and payments space with millions of businesses globally using their services, Square will be able to provide support to our entrepreneurs in need of payment solutions.”
Marylise Tauzia, global head of Platform Marketing at Square, added that the company was glad to work with STATION F to provide “all the tools an entrepreneur needs to start and grow their company but also that, through this partnership, we can support them in maximising their potential.”
Square has also been considering a bitcoin mining system, which will be based on “custom silicon and open source” for people and companies everywhere.
Square’s co-founder and CEO, Jack Dorsey, said in a tweet said the company would “follow our hardware wallet model: build in the open in collaboration with the community.”
Dorsey also said the silicon design is only in the province of a handful of companies, leading to supply constraints. He said there was an urgency in making centralized mining for a more durable bitcoin network, adding that mining needed to be more efficient for cleaner energy use.