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Business Wars Daily

Square’s Name Change Signals a Crypto Future

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 13 December 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Monday, December 13, and we're looking at Block vs. Stripe.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

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Macmillan's free online forum provides a safe space to get support from both experts and others who've been

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there. Members support each other anonymously, sharing what's helped them on a range of subjects,

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from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

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Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

1:06.0

The From Wondry, I'm David Brown, and this is Business Wars Daily on this Monday, December 13th.

1:06.9

Happy Monday, everyone.

1:11.6

Last week, we told you about how Jack Dorsey bid farewell to Twitter, one of two tech companies he founded and was actively leading. Now that Dorsey has more time on his hands,

1:16.6

his other massively successful company, Square, is making some changes. The digital payments

1:23.1

company announced earlier this month that it was changing its name to Block, signaling a new

1:27.7

priority for the company. Dorsey is a cryptocurrency and blockchain enthusiast. Block will be the

1:33.8

name of the parent company, while the Square brand will continue to be the payment processing

1:38.2

service for people and businesses. The company also owns the music streaming service title,

1:43.5

the payment service cash app, and a

1:45.6

Bitcoin developer platform. The announcement refers to the divisions as, quote,

1:50.0

building blocks of the company. Dorsey is a fan of Bitcoin. He has said that he sees it as a

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