US payments firm Square gets new corporate name: Block

Square Inc, the San Francisco-based payments company headed by former Twitter CEO Jack Dorsey, announced Dec 1, 2021, that it is changing its name to Block. — AP

SAN FRANCISCO: Digital payments firm Square, which was co-founded and is still led by former Twitter chief Jack Dorsey, on Dec 1 changed its corporate name to Block as it expands into cryptocurrency and other financial technology tools.

The Square payments platform – which was the company’s sole offering when it was founded in San Francisco by Jim McKelvey and Dorsey in 2009 – will keep its name, and the now-public company will continue to trade under the symbol “SQ”.