Payments Company Square Rebrands to ‘Block Inc.,’ Crypto Service Will Be Call...
Following Jack Dorsey’s resignation announcement on Monday, two days later Dorsey’s payments company, Square Inc., disclosed that it was rebranding and changing its name to Block Inc. The company said the name Block has “many associated meanings” including the term “blockchain.” Square Changes Name to ‘Block’ — Square Crypto Rebrands to ‘Spiral’ On Wednesday, Square Inc., the firm founded in 2009 by Jack Dorsey and Jim McKelvey has decided to change its name following Facebook’s rebrand to....
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“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey. Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology.In a Wednesday tweet, Square said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin (BTC) exchange project tbDEX, and music and video streaming platform Tidal. An accompanying news release said that Square....
Square has indicated that it will send dollar payments from Coinbase bitcoin transactions directly to its merchants. San Francisco-based mobile point-of-sale (mPOS) giant Square sent a jolt of excitement through the bitcoin ecosystem when it announced that it would allow users to pay for goods and services with the digital currency via its online marketplace, Square Market. With a valuation of $5bn, Square is already a giant in the payments space despite its relative newcomer status. Founded in 2009, it's backed by millions in venture capital investment and a star executive, Twitter....
Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.” Square’s Bitcoin Hardware Wallet in the Works Square Inc. is building a hardware wallet, Jesse Dorogusker, the company’s hardware lead, announced Thursday on Twitter. He tweeted: We have decided to build a hardware wallet and service to make bitcoin custody more mainstream. We’ll continue to ask and answer questions in the open. Square and Twitter CEO Jack Dorsey subsequently....
Snapchat, a popular mobile messaging service has announced integration of a peer-to-peer payment system called Snapcash. By partnering with the payment service Square, users that are 18 or over that are located in the US can connect their debit cards to their account and instantly send money to friends by typing the dollar sign, the amount, and pressing the new green pay button. When money is sent, it is deposited directly into your friends bank account. P2p payments are growing increasingly popular. By partnering with Square, Snapchat does not need to take on the challenge of storing....
San Francisco-based mobile point-of-sale (mPOS) solution provider Square has announced that merchants will now be able to sell goods and services for bitcoin via its Square Market. Introduced in June 2013, the Square Market is an online website that features Square retailers in a centralized location not unlike eBay or Etsy. Square Merchants are not charged for listing items on the marketplace, but pay 2.75% for each sale for payments made with traditional payment options. Wrote the company on its official blog: "Making commerce easy means creating easy ways to exchange value for....