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  1. Decoder with Nilay Patel
  2. Square's product chief on the death of the penny and the future of money
Square's product chief on the death of the penny and the future of money

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel · Dec 8, 2025

Square's Head of Product on leveraging its functional org structure, integrated hardware, and AI to democratize data for small businesses.

Square's Public Roadmap Drives Internal Accountability and Shipping Velocity

Square's public roadmap serves a dual purpose. While it informs customers, its primary internal function is to create accountability. Committing to features publicly forces the organization to deliver on its promises with speed and quality, preventing internal delays.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square Uses Custom Hardware to Differentiate Its End-to-End Point-of-Sale Experience

While competitors focus on software, Square believes designing hardware "from the chip up" is a key advantage. This control allows for a superior, integrated experience for both customers and staff at the physical counter, making the technology feel seamless and delightful.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square Believes AI Will Shift UI Generation from Software Teams to End Users

AI will fundamentally change user interfaces. Instead of designers pre-building UIs, AI will generate the necessary "forms and lists" on the fly based on a user's natural language request. This means for the first time, the user, not the developer, will be the one creating the interface.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square's Core Mission is Democratizing Enterprise-Grade Tech for Main Street Businesses

Square views its role as taking complex technology, from financial tools to AI, that is usually only accessible to large corporations and making it simple and available to small businesses. The ultimate goal is to improve their survival rate and help revitalize local economies.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square's Product Head Views Decision-Making as Cultivating a "Terroir," Not a Process

Instead of a rigid framework, great decisions come from "terroir"—the right mix of ingredients. This includes deep customer empathy, market knowledge, and an intuitive grasp of constraints. This foundation allows a leader's gut instinct to function as a highly trained model.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Block Aligns Disparate Brands like Square and Tidal with a Single Functional Org Structure

Block restructured from divisional GMs to a functional organization (Engineering, Product, Design) across all brands. This creates a single shared roadmap and forces alignment, enabling cross-unit collaboration that was difficult when incentives were siloed in separate P&Ls.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square’s AI Links Non-Deterministic LLMs to Deterministic SQL for Reliable Business Insights

To avoid AI hallucinations, Square's AI tools translate merchant queries into deterministic actions. For example, a query about sales on rainy days prompts the AI to write and execute real SQL code against a data warehouse, ensuring grounded, accurate results.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

Square Uses an Open Platform to Retain Large Customers Who Need Third-Party Tools

To serve its largest customers, Square's open platform is crucial. It allows enterprises to integrate their preferred third-party tools with Square's core services. This flexibility prevents churn by allowing customers to customize their tech stack instead of being locked into a closed ecosystem.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago

The "Never Outgrow Square" Principle Drives Its Scalable, All-in-One Platform Strategy

Square's product development is guided by the principle that "a seller should never outgrow Square." This forces them to build a platform that serves businesses from their first sale at a farmer's market all the way to operating in a large stadium, continuously adding capabilities to manage growing complexity.

Square's product chief on the death of the penny and the future of money thumbnail

Square's product chief on the death of the penny and the future of money

Decoder with Nilay Patel·2 months ago