Block.xyz

Block, Inc. (formerly Square, Inc.[12]) (SquareUp) is an American technology company and a financial services provider for consumers and merchants.[13][14][15] Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems.[16][17][18] As of 2024, Block serves 57 million users and 4 million sellers,[19][20] processing $241 billion in payments annually.[4] Block's inaugural product Square, launched in 2009, is a point-of-sale system...Block also owns Afterpay, a buy now, pay later business;[33] Bitkey, a self-custody bitcoin crypto wallet;[34][35] Proto, a bitcoin mining system;[36][37] and Tidal, a music streaming business... On March 2, 2021, Square reached an agreement to acquire majority ownership in Tidal. Square paid $297 million in cash and stock for Tidal, with Jay-Z joining the company's board of directors. Jay-Z, as well as other artists who currently own stock in Tidal, will remain stakeholders.[55][56][57] On December 1, 2021, Square announced that it would change its company name to Block, Inc. on December 10.[58][59] The change was announced shortly after Dorsey resigned as CEO of Twitter.[60] On December 10, 2021, the name change took effect, and Square, Inc. became Block, Inc. https://en.wikipedia.org/wiki/Block,_Inc.