Square is competing in a jammed arena -- mobile payments already exist via Paypal and others -- but Dorsey told CNN its pitch is different . `` A lot of folks are looking at parts of the equation and Square is looking at the entire thing , '' Dorsey said . Twitter co - founder Jack Cohen is now CEO of a mobile payments company . Square enables the virtual exchange of people and goods . Dorsey told CNN Square makes the entire process seamless , rather than just aspects of it . His comments come as social network Twitter , valued at $ 11 billion , prepares to go public .
Twitter co - founder Jack Cohen is now CEO of a mobile payments company . Square enables the virtual exchange of people and goods . Dorsey told CNN Square makes the entire process seamless , rather than just aspects of it . His comments come as social network Twitter , valued at $ 11 billion , prepares to go public .