Block SAN FRANCISCO
“The reason I have so much passion for bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be.” —Jack Dorsey
Twitter cofounder Jack Dorsey’s other company, formerly known as Square, generated $42 million in fees from its Cash App’s bitcoin brokerage in just the third quarter of 2021. It’s a safe and easy way for crypto newbies to get into the game: Block generated $9.8 billion in revenue from bitcoin sales in the 12 months ending September 2021. Dorsey left Twitter in November and is a vocal crypto booster, so expect Block to lean into its new name. In July, it created a business called TBD, which focuses on building a decentralized financial system and is looking to build an energy-efficient bitcoin mining system.
Bitcoin BLOCKCHAIN PLATFORM:
KEY LEADER: Jack Dorsey, CEO