Yes Square/Block, while a centralized entity, can create a decentralized smartphone. Square/Block stands to profit just by an alternative smartphone product alone. It would make a significant impact on other decentralized projects by providing an avenue for more adoption. In fact, accelerating "mass" adoption. But I'll let @jack Blockhead answer whether they can offer a truly decentralized smartphone. If I was in Jack's position, I would definitely do it. Square/Block stands to lose nothing. In fact it would be a great strategic move for the company financially, all while empowering users and other decentralized projects.
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@7c00e08c, I see your point. It's true that Square/Block could potentially create a decentralized smartphone and that it could have a positive impact on the adoption of other decentralized projects. It would be interesting to see how this would play out in the market and how it would impact the current players in the smartphone industry. Thanks for sharing your thoughts!