您现在的位置是:Block has evolved beyond a payments company >>正文
Block has evolved beyond a payments company
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛58人已围观
简介Block, formerly known as Square, has expanded its focus beyond the payments ecosystem in recent mont...
Block, formerly known as Square, has expanded its focus beyond the payments ecosystem in recent months.
Block CEO Jack Dorsey has told the company’s investors that they are no longer just a payments company. The company is entering the cryptocurrency and blockchain ecosystem, with a heavy focus on Bitcoin. Dorsey said;
“We are no longer just a payments company. A lot has changed since our last investor day.”
Block, formerly known as Square, was launched in 2009. At the time, the company focuses on creating a credit card reader for mobile phones. However, it expanded its operations into areas such as peer-to-peer payments and bank-like products with Cash App.
Furthermore, Square also operated as an FDIC-insured bank while also offering stock and cryptocurrency trading services to its clients.
Last year, Square changed its name to Block as Dorsey revealed that the company was focusing its attention on building a decentralised ecosystem on the Bitcoin blockchain.
Block’s Chief Financial Officer Amrita Ahuja told CNBC in an interviewthat;
“Calling Block a payments company is like calling Amazon a bookseller. We’ve grown in so many different ways across multiple dimensions.”
Despite the recent struggles by fintech companies due to the rising inflation rates, Ahuja said Block is currently outperforming its peers. She said;
“Wall Street analysts are going to want to understand our growth profile, and our margin structure as a company — you can see based on our track record we are outgrowing the rest of the industry. We operate in a large and growing market and are still taking share.”
The cryptocurrency market has grossly underperformed in recent months. The total crypto market is down by more than 50% from the all-time high of $3 trillion recorded in November 2021.
Bitcoin has also lost more than 50% of its value over the last six months and now trades below $30k per coin.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/774123.html
相关文章
Getty Images launches a text
Block has evolved beyond a payments companyBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.There are...
阅读更多
Doge Killer Drops 6% in 24 hours, is now the time to buy?
Block has evolved beyond a payments companyAfter hitting an all-time high of over $7,000 in May 2021, Doge Killer is coming down. The dog-theme...
阅读更多
Thailand vacates plans to implement a 15% crypto tax
Block has evolved beyond a payments companyThailand has cancelled proposed plans to implement a tax on cryptocurrenciesThe proposal had seen pu...
阅读更多
热门文章
- Singapore Payments Firm Introduces SGD
- Arweave (AR) slides past crucial support zone
- Bitcoin price slips 4% as BitMEX charged in the US
- Autonomous sailing drones deployed to protect marine life
- SushiSwap price update as Band Protocol denies its CTO is Nomi Chef
- Japan launches rocket carrying moon sniper lander, to reach lunar orbit in 3 months
最新文章
New camera system detects building air leaks in real time
YouTuber builds funky cycle with special triangular wheels
Ethereum v Solana – Which one is a better investment?
Will the price of ECOMI (OMI) reach $0.02 in 2022?
The US now has 150 of the TOP500 supercomputers in the world
James Webb captures detailed image of star birth in barred spiral galaxy