Jack Dorsey's payments firm is rebranding. The changes will take effect on December 10.
According to statement, the name change reflects the company's desire to gain a foothold in the blockchain and innovative payment technologies market. The press release states:
Block is the new name for the Square brand. At the same time, our idea of expanding economic opportunities for people remains unchanged. We will continue to develop tools that help gain expanded access to the economy.
In addition to changing the name 'Square' to 'Block', the 'Square Crypto' department has been renamed 'Spiral'.
Subscribe to ForkNews on Telegram to stay up to date with news from the world cryptocurrency
You May Also Like
BitCard Debit Card Starts Supporting Litecoin
The list of crypto companies that support Litecoin (LTC) debit cards is updated by Bitnovo. Litecoin will support its encryption-based debit card called BitCard. Decentralized technology eliminates the need for banks. In addition, consumers will be able to use the card to make immediate payments or receive euros.
Cryptocurrency Visa card launches in US
Hong Kong company Crypto.com, formerly known as Monaco, has announced plans to release a new VISA card to the American market. The Visa Crypto Card, which is planned to be launched and allows you to pay with cryptocurrency on the VISA network, is currently only available to residents of Singapore.
