[{"data":1,"prerenderedAt":347},["ShallowReactive",2],{"api/learn-center-post-en-what-is-block-inc":3,"footer-en":57,"learn/company-profiles/what-is-block-inc-en-seo":255,"navigation-en-learn-center":260,"api/learn-categories-en":308},{"seo":4,"locale":22,"breadcrumbs":23,"excerpt":31,"featuredImage":32,"components":39,"title":5,"formattedPublishedAt":50,"geofencings":51,"category":52,"pagination":54,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is Block, Inc.? ","What is Block, Inc.? -  Crypto Company Profiles","Block, Inc.: US fintech company offering a suite of services and solutions tailored for online sellers.",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/square_block_inc_18f946142b_357ad6f09b.png","image/png",".png",900,451,"square_block_inc_18f946142b.png","",[],[20],{"pathname":21,"locale":22},"/learn/company-profiles/what-is-block-inc/","en",[24,28],{"id":25,"text":26,"url":25,"asUrl":27},"/learn/company-profiles/","Company profiles",true,{"id":29,"text":5,"url":21,"asUrl":30},"what-is-block-inc",false,"\u003Cp>Block, Inc. (formerly known as Square) is a US fintech company providing a complementary set of services and solutions to online sellers.  \u003C/p>\n",{"url":33,"mime":34,"ext":35,"width":36,"height":37,"name":38,"alt":17},"bitstampImageUrl/square_block_inc_6ba5729233_9ea5c2de9b.svg","image/svg+xml",".svg",1920,1081,"square_block_inc_6ba5729233.svg",[40],{"component":41,"props":42,"content":43,"secondaryContent":47,"ctas":48,"secondaryCtas":49,"ctasNoMarginTop":30},"section.full-text",{"centered":30,"withoutSectionContainer":30},{"text":44,"width":45,"align":46},"\u003Cp>Block, Inc. is one of his other major entrepreneurial ventures from \u003Ca href=\"https://www.bitstamp.net/learn/people-profiles/jack-dorsey/\">Jack Dorsey\u003C/a>, who is best known to many people as the founder of Twitter (now X), from which he stepped back in 2021. \u003C/p>\n\u003Cp>Block is a successful financial services company that has expanded from a merchant point-of-sale payment solution to a company offering a diverse range of financial products and services, with a strong commitment to the development of \u003Ca href=\"https://www.bitstamp.net/markets/btc/eur/\">Bitcoin\u003C/a> and decentralized solutions.  \u003C/p>\n\u003Ch2>History of Block, Inc.\u003C/h2>\n\u003Cp>Block, Inc. was originally founded in 2009 as Square Inc. Co-founders Jack Dorsey and Jim McKelvey aimed to make a cost-effective and accessible payment solutions for small sellers that allow them to accept credit cards and decided to develop one.  \u003C/p>\n\u003Cp>The name of the company came from the small, square piece of card-reading hardware that they developed, designed to plug into a smartphone. By 2011, Square Inc. was processing around $2 billion worth of payments each year, and the company was valued at $240 million.  \u003C/p>\n\u003Cp>In 2014, Block launched Cash App, a peer-to-peer payment service. By 2015, the company had launched an initial public offering at $9 per share, valuing the company at $2.9 billion. By 2018, Cash App downloads were reportedly outpacing Venmo and PayPal on the Apple Store.  \u003C/p>\n\u003Cp>From 2018 onwards, Block, Inc. made a series of acquisitions, including commercial operations management software Stitch, web design company Weebly, and music streaming service Tidal.  \u003C/p>\n\u003Cp>The company rebranded from Square Inc. to Block, Inc. in late 2021, a decision that was taken to reflect the company’s growth beyond Square as the initial merchant payment solution.  \u003C/p>\n\u003Cp>Due to Dorsey’s longstanding support for cryptocurrencies, Block, Inc. has also been a frontrunner when it comes to digital asset adoption. Dorsey stated that he started experimenting with cryptocurrency payments back in 2014, but Block, Inc. officially launched Bitcoin trading services in 2017. Since 2020, Block, Inc. also invested heavily in Bitcoin, owning over 8,000 BTC as of mid-2024. Block, Inc. has also been one of the frontrunners among non-crypto fintech firms in enabling cryptocurrency payments \u003C/p>\n\u003Ch2>Block, Inc. Services and Companies\u003C/h2>\n\u003Cp>Block, Inc. operates several types of services related to commercial and retail payments. Some services were developed by the company, while others came about due to acquisitions.  \u003C/p>\n\u003Ch3>Square\u003C/h3>\n\u003Cp>Square, now also known as Squareup, is a financial platform for small and medium-sized businesses, including retailers, restaurants, and service providers. It offers point-of-sale (POS) systems, including all hardware and software necessary for taking credit card payments in person and online.  \u003C/p>\n\u003Cp>Effectively, any small business can use Square to get set up for receiving all kinds of payments. The software offers complementary features and integrations, such as an out-of-the-box online storefront, online invoice options, an appointment booking platform, and payroll services.  \u003C/p>\n\u003Cp>As of 2024, Square claims to have four million sellers globally on its platform.  \u003C/p>\n\u003Ch3>Cash App\u003C/h3>\n\u003Cp>Cash App is a financial services platform offering many services similar to those of a neo bank. Users of Cash App can send and receive money between one another, make purchases, invest in stocks or commodities like Bitcoin, and carry out banking transactions such as receiving salary payments and paying bills.  \u003C/p>\n\u003Cp>Cash App also offers services, including a payment card, a savings feature, and a tax filing portal allowing US users to file their state and federal taxes for free.  \u003C/p>\n\u003Cp>As of 2024, Cash App has over 50 million users, predominantly based in the US.  \u003C/p>\n\u003Ch3>Spiral\u003C/h3>\n\u003Cp>Spiral emerged from the rebrand from Square to Block since it used to be a separate division of Square called Square Crypto, which was set up to develop crypto-related projects. Spiral offers grants paid in BTC to Bitcoin developers working on various elements of the broader Bitcoin ecosystem, including \u003Ca href=\"https://www.bitstamp.net/learn/blockchain/what-is-the-lightning-network/\">Lightning Network\u003C/a>, \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/how-to-choose-the-right-crypto-wallet/\">wallets\u003C/a>, payments, swaps, and more.  \u003C/p>\n\u003Ch3>Tidal\u003C/h3>\n\u003Cp>In 2021, Square acquired an 80% stake in music streaming platform Tidal, which was previously bought by rapper Jay-Z in collaboration with several other artists. It was confirmed that Tidal would continue to operate independently alongside Square and Cash App.  \u003C/p>\n\u003Cp>Although not directly related to Square’s core financial business, the rationale for the acquisition was to find a route into the music business and enable artists to monetize their work in more direct ways.  \u003C/p>\n\u003Ch3>TBD\u003C/h3>\n\u003Cp>TBD is an open-source platform that aims to enable developers and users to access Bitcoin and other decentralized technologies without navigating financial institutions to preserve trust. It focuses on decentralized identity as the key to enabling this goal.  \u003C/p>\n\u003Cp>In 2023, TBD launched the tbDEX, an open-source liquidity and exchange protocol for on-ramping and off-ramping between crypto and fiat currencies without having to use a financial intermediary. It uses a system of verifiable credentials that cryptographically link an individual’s real-world identity to their on-chain accounts.  \u003C/p>\n\u003Cp>TBD also offers a toolkit for developers to make it easier for them to create \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-are-decentralized-applications-dapps/\">decentralized applications\u003C/a>.  \u003C/p>\n\u003Ch3>Block, Inc. essentials\u003C/h3>\n\u003Cul>\n\u003Cli>Block, Inc., formerly Square Inc., is a leading financial technology company founded by Jack Dorsey and Jim McKelvey in 2009. \u003C/li>\n\u003Cli>The company’s flagship services are Square, a payment and operations platform for small commerce, and Cash App, a peer-to-peer payments and banking platform for retail users. \u003C/li>\n\u003Cli>Thanks to Jack Dorsey’s support for crypto and blockchain, Block, Inc. is a proponent and developer of decentralized technologies and trustless payment 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Kingdom",{},{},{"title":210,"content":17,"items":211},"Contact",[212,217,221,225,229,233,238,243,248],{"noFollow":30,"isExternal":30,"name":213,"value":214,"isEmail":30,"isPhoneNumber":30,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":215,"geofencings":216},"Customer 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20 3868 9628","+442038689628",{},{},{"noFollow":30,"isExternal":30,"name":239,"value":240,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":241,"geofencings":242},"+1 800 712 5702","+18007125702",{},{},{"noFollow":30,"isExternal":30,"name":244,"value":245,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":246,"geofencings":247},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":30,"isExternal":30,"name":249,"value":250,"isEmail":30,"isPhoneNumber":27,"isText":30,"showOnDesktop":27,"showOnMobile":27,"attachment":251,"geofencings":252},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":7,"ogDescription":7,"ogImage":256,"twitterImage":256,"twitterSite":257,"twitterCreator":257,"twitterCard":258,"twitterTitle":6,"twitterDescription":7,"titleTemplate":259},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/square_block_inc_18f946142b_357ad6f09b.png","@Bitstamp","summary_large_image","%s",{"items":261,"ready":27,"platformButtonText":304,"backButtonText":305,"logInButtonText":306,"signUpButtonText":307},[262,266,270,273,276,279,282,287,290,295,300],{"headerName":263,"sidemenuName":134,"url":135,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":264,"submenu":265,"tag":17},"Institutions",{},[],{"headerName":126,"sidemenuName":126,"url":127,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":267,"submenu":268,"tag":269},{},[],"NEW",{"headerName":149,"sidemenuName":149,"url":150,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":271,"submenu":272,"tag":17},{},[],{"headerName":106,"sidemenuName":106,"url":107,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":274,"submenu":275,"tag":17},{},[],{"headerName":116,"sidemenuName":116,"url":117,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":277,"submenu":278,"tag":17},{},[],{"headerName":121,"sidemenuName":121,"url":122,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":280,"submenu":281,"tag":17},{"geofencing-uk":27},[],{"headerName":283,"sidemenuName":283,"url":284,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":285,"submenu":286,"tag":17},"Markets","/markets/",{},[],{"headerName":111,"sidemenuName":111,"url":112,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":288,"submenu":289,"tag":17},{},[],{"headerName":291,"sidemenuName":291,"url":292,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":293,"submenu":294,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":296,"sidemenuName":296,"url":297,"noFollow":30,"showInHeader":27,"showInSidemenu":27,"geofencings":298,"submenu":299,"tag":17},"Learn","/learn/",{},[],{"headerName":301,"sidemenuName":301,"url":107,"noFollow":30,"showInHeader":30,"showInSidemenu":27,"geofencings":302,"submenu":303,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[309,313,315,319,323,327,331,335,339,343],{"title":310,"url":311,"geofencings":312},"Blockchain technology","/learn/blockchain/",{},{"title":26,"url":25,"geofencings":314},{},{"title":316,"url":317,"geofencings":318},"Crypto 101","/learn/crypto-101/",{},{"title":320,"url":321,"geofencings":322},"Crypto definitions","/learn/crypto-definitions/",{},{"title":324,"url":325,"geofencings":326},"Crypto trading","/learn/crypto-trading/",{},{"title":328,"url":329,"geofencings":330},"Cryptocurrency guide","/learn/cryptocurrency-guide/",{"geofencing-uk":27},{"title":332,"url":333,"geofencings":334},"People profiles","/learn/people-profiles/",{},{"title":336,"url":337,"geofencings":338},"Security","/learn/security/",{},{"title":340,"url":341,"geofencings":342},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":344,"url":345,"geofencings":346},"Web3","/learn/web3/",{},1777988145385]