Jack Dorsey’s payment company Square is changing the name to “Block”, according to the announcement. The change will become official on December 10.
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The name change made by the company is due to the desire to be decentralized and to embrace blockchain technology more deeply.
Square’s co-founder and CEO, Jack Dorsey, said in a statement on the subject:
With Square’s name changing to “Block”, Square Crypto’s name will also be changed to “Spiral”.