Big Payment Square changed its name to blockchain

Square Inc., a tech giant for EST financial and digital payments said in a statement Wednesday afternoon that it had changed its name to Block to disrupt the company's business operations.

The statement said, “The Square brand has become a distinct part of the company's business operations… With this decision, the Square brand will become an integral part of the business activity.

Since its inception in 2009, the blockchain has added a mobile Cash App, music streaming service Tidal, and open Bitcoin-centric development platform TBD54566975. explanation. On the cryptocurrency side, Square is still developing wallet hardware and considering developing Bitcoin mining services.

The company name concludes: “The change of the company name creates room for improvement. "" Blocking will be a joint venture between several companies. Its mission is to improve the business and provide services to various groups including individuals, artists, fans, production and sales.

Square Crypto is an independent entity that the company strives to promote as Bitcoin and has not changed organization due to a name change.

Legal tender is expected to take place on December 10, and the company's stock on the New York Stock Exchange retains the SQ.

The news comes two days after Dorsey announced to investors that he would step down as CEO of Twitter and remain on Twitter's board until his term expires in mid-2022. Dorsey's decision has raised hopes that he will focus more on Bitcoin, whether on Square or in his business.

In trading after Wednesday, Square gained nearly 1% after falling 6.6% on the day.

“The block is @Square, @CashApp, @spiralbtc, @TIDAL, @ TBD54566975 and the group below them. We're here to develop some simple tools to keep growing the crypto industry.”

-Blocks (@blocks) 1er novembre 2021