Jack Dorsey’s payment company Square is changing the name to “Block”, according to the announcement. The change will become official on December 10.
https://twitter. com/jack/status/1466159494661038094
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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:
“We created the Square brand for our sales business. Block is a new name, but our goal of economic empowerment remains the same. It doesn’t matter how we grow or change. We will continue to create tools to help increase access to the economy.”
With Square’s name changing to “Block”, Square Crypto’s name will also be changed to “Spiral”.
