Thursday, January 20, 2022
Home Crypto News Market Ex Twitter CEO Jack Dorsey Changes His Payment Firm 'Square' Name To...

Ex Twitter CEO Jack Dorsey Changes His Payment Firm ‘Square’ Name To “Block” As Part of Extensive Push Into Crypto

- Advertisement -

At a packed conference in Miami in June, in front of thousands of attendees, Jack Dorsey told what his true passion was: “If I wasn’t on Square or Twitter, I would be working on Bitcoin.”



On Monday, Dorsey announced he would be leaving Twitter to focus more on blockchain and decentralization. Long before the surprise news, Dorsey had laid the foundation for his next chapter and provided both companies Twitter and Square with crypto-related projects.

 

 

Dorsey’s broader vision is based on the principle of “decentralization,” that technology and finance should not be concentrated in a handful of gatekeepers, as they are today.

The name change comes just two days after Jack Dorsey stepped down as CEO of Twitter.

Jack Dorsey’s payment firm Square is renaming the name of its business to “Block,” according to an official Twitter announcement. The change of name will become official on December 10th.

 

The name change shows the company’s desire to more aggressively integrate decentralized and blockchain technology, according to the company the name change has been in the works since last year.

In a press release Jack Dorsey said:

“We built the Square brand for our Seller business, which is where it belongs, 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.

In addition to the name change from Square to “Block”, the “Square Crypto” will be renamed “Spiral”. However, Square symbol of the New York Stock Exchange will remain the same as SQ.

Read More On Jack Dorsey:

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Central Bank Of Russia Proposes A Ban On Cryptocurrency Use And Mining

The Central Bank of Russia (CBR) issued a consultation paper on Thursday entitled 'Cryptocurrencies: Trends, Risks, and Regulation', whose primary focus is to influence...

Fox Business Journalist Says SEC legal Team Declared Ripple (XRP) Non-Security In 2018 So What Changed In 2 years?

Eleanor Terrett, a Fox Business journalist, recently questioned the ongoing lawsuit between the SEC and Ripple. window.coinzilla_display...

Michael Saylor Reaffirmed After BTC Drop From $69K to $40K That Neither He Nor His Company Will Sell A Single Satoshi

Michael Saylor, again affirmed that neither he nor his company is going to sell their bitcoin holdings. ...

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it's all thanks to Microsoft as the company prepares its new acquisition of Activision.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based...

Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.