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13.12 - 14:35
Jack Dorsey's Square changes corporate name to Block in nod to blockchain
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euronews.comSquare, the payments company led by Twitter co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.
The San Francisco-based company said the name "Square" had become synonymous with its seller business. The new name would distinguish the corporate entity from its businesses, Square added, a strategy similar to Meta Platforms Inc's rebrand last month.
The company said there would be no organisational changes and its different business units - Square, peer-to-peer payment service Cash App, music streaming service Tidal and its bitcoin-focused financial services segment TBD54566975 - will continue to maintain their respective
Read more on euronews.comAbout this in other media
Block's Cash App to Allow its 40M Customers to Gift Bitcoin cryptonews.com /2 years ago
Square changes name to Block finextra.com /2 years ago
Jack Dorsey’s Decision to Quit Twitter Is Not a Vote of Confidence in Future of Social Media cryptonews.com /2 years ago
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