Twitter‘s talented and accomplished co-founder, Jack Dorsey, has bagged yet another significant achivement. The young entrepreneur has been elected to the board of directors of Walt Disney Company.
Dorsey is also the founder and CEO of Square which is a payments service. Given that, it seems likely that Disney may soon implemented Square card readers across the entertainment company’s locations.
In an official statement from Disney’s chairman and CEO Robert Iger hints as much, “Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces. The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”
Naturally, the technologies and platforms that Dorsey has been affiliated with include Twitter and Square. Interestingly enough, the board of directors for the Walt Disney Company also includes Orin Smith, who was the President and CEO of Starbucks.
Starbucks recently decided to implement Square payments solution across its locations and is also planning on investing $25 million in Dorsey’s startup. The alliance of the two in board meetings, together with the support from Walt Disney’s CEO, could mean that we will see Square card readers popping up all over Disney parks and recreations as an alternative method of payment.
What is also significant to note here is that Dorsey has been elected to the position in the board of directors until March 28, 2014 after which, a new election will decide the fate of the seat.
Courtesy: TNW
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