https://safirsoft.com Jack Dorsey has renamed Square to Block after leaving Twitter
Large Image: The square gets a fresh coat of paint. The financial services company, founded by Jack Dorsey, has changed its name to Block, which it believes has a better outlook and is making room for further growth. However, the bigger story may be that we now know what Dorsey intends to focus on after leaving Twitter.

We're told that the Square brand was created for the company's supplier businesses, and this change allows the seller's business to own the Square brand it was built for.

Square launched in 2009 and its first product was a card reader that plugs into a mobile device's headphone jack to enable small businesses to accept credit card payments. A few years later, Square introduced a mobile payment service called Square Cash (now the Cash App). Recently, the company became heavily involved in cryptocurrency and bought a majority stake in Tidal Music Player.

Block isSquare, CashApp, spiralbtc, TIDAL, @TBD54566975, and our core teams that support them. We are here to build simple tools to increase access to the economy. https://t.co/CkVKxHPkqy pic.twitter.com/RMONxCLP9Y

- Blocking (blocks) December 1, 2021

This announcement comes just days after Dorsey resigned as CEO for Twitter. Dorsey said he believes the company is ready to move on from its founders (Dorsey founded Twitter in 2006 and served as its first CEO before leaving, then back again). With Twitter in mind, one would think that Dorsey could now focus all of his attention on further growth of the block.

The name change will not be accompanied by any organizational change, although the company did note that Square Crypto changed the name to Spiral.

“The name has many relevant meanings for the company—building blocks, condominiums, their local businesses, communities in Block parties, Chinese block, oath symbol, and barriers to overcome.”

Waiting Meeting all legal requirements, Square expects the name change to take effect on or around December 10, 2021. The company's NYSE brand symbol is now "SQ".



https://safirsoft.com Fear of monopoly games after Microsoft and Activision's $20 billion deal with Sony.

Fear of monopoly games after Microsoft and Activision's $20 billion deal with Sony.

The entire video game industry, including Redmond's rival Sony, is feeling the shock of Microsoft's $68.7 billion acquisition of Activision Blizzard. ...


https://safirsoft.com Intel to unveil ASIC for Bitcoin mining at upcoming chip conference

Intel to unveil ASIC for Bitcoin mining at upcoming chip conference

Block isn't the only core tech company interested in creating an efficient bitcoin mining solution. Intel is planning a presentation at the Internatio...

https://safirsoft.com Intel CEO Pat Glasinger says AMD is

Intel CEO Pat Glasinger says AMD is "in the rearview mirror" after the launch of Alder Lake.

What happened? Like the notorious Steve Ballmer, Intel CEO Pat Glessinger is a man who isn't afraid to say what he feels — albeit in a less macho wa...


https://safirsoft.com Walmart Can Enter The Outside World With Cryptocurrency And NFT

Walmart Can Enter The Outside World With Cryptocurrency And NFT

What happened? Walmart could be preparing for a major push into the afterlife. The large retailer recently filed a total of seven related patents, inc...