With a famous CEO and founder in Jack Dorsey and over $200 million in venture capital from some of the largest VC firms and companies, Square has been in the limelight since its inception.

If you're not already familiar with Square, the mobile payments company first came onto the scene offering its small, square credit card reader that transformed credit card payments, especially for small businesses and merchants, and allowed anyone to accept credit card payments right from their smartphone.

Square has grown to be a robust mobile payments business with products that also include a digital cash register, a digital marketplace, a mobile wallet, and Square Cash, a wire transfer service to send money to friends and family.

With the surge in popularity of connected products and the Internet of Things, many have started to question the future of mobile payments in our connected world and Square's future as an independent company.

According to Re/code and the Wall Street Journal, both Apple and Google have considered acquiring Square. Representatives from all companies are denying these talks took place, but it does bring up an interesting question around the future of Square and mobile payments and the impact Square would have on a company like Google's offerings.

With potential acquirers like Apple, Google, Amazon, PayPal, American Express, and many others all having significant value from an acquisition of Square, their future is bright. Who's also to say that an IPO is not in the Square's future, either?

I believe, though, that Google will have the most to gain from acquiring Square and might be the one to take the risk.