Payments Giant Square Is Changing Its Name to Block

Payments Giant Square Is Changing Its Name to Block
Fintech and digital payments giant Square Inc. has changed its name to Block in a move that reflects changes to its business, the company said in a statement Wednesday late afternoon ET.”The Square name has become synonymous with the company’s Seller business…and this move allows the Seller business to own the Square brand it was built for,” the company wrote.The change to Block “acknowledges the company’s growth,” the company wrote, noting that since its founding in 2009, the firm has added the Cash App, TIDAL and TBD54566975 businesses.“The name change creates room for further growth,” the company concluded. “Block is…