fbpx
Skip to content Skip to sidebar Skip to footer

Jack Dorsey Becomes More Dedicated to Elevate Bitcoin Even Further

Former CEO Jack Dorsey’s payments company Square has recently announced that it will be officially renamed to Block Inc. Its Bitcoin development investment subsidiary, formerly called Square Crypto, is now called Spiral — an allusion to the subsidiary’s focus on Bitcoin as it continues to grow “like a spiral from a single point.”

“Once Square decided to rebrand, we knew it was time for our own long-overdue rebrand. After all, Square Crypto was never the best name for our team,” said Spiral.

Spiral explained that having “Square” tethered to its name distinguishes the corporate benefactor and Spiral, while including “crypto” in its name can be misleading as the company is dedicated only to Bitcoin.

The move also aims to better separate Square’s various product lines and offerings. Now, Square will only be representing Block’s Seller business.

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.

 

Jack Dorsey, Co-founder and CEO of Block

Square Inc. is expected to be renamed to Block Inc. on December 10, although the company’s NYSE ticker symbol (SQ) will remain unchanged. Moreover, Square, Cash App, TIDAL, and TBD will be maintaining their respective brands.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us