Block

Block Sees 20% Jump in Cash App Card Monthly Active Users in December 
Block Sees 20% Jump in Cash App Card Monthly Active Users in December 
February 22, 2024  |  Earnings

Block’s latest earnings show more users opting to use Cash App Cards, an on-ramp to other financial services and products. As noted in the company’s shareholder...

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Block to Cut 112 Jobs as Cost-Cutting Moves Continue
Block to Cut 112 Jobs as Cost-Cutting Moves Continue
February 22, 2024  |  Personnel

Block plans to cut 112 jobs on March 30 as part of its previously announced cost-cutting measures. The company began job cuts in January and aims...

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Report: Block Aims to Reduce Workforce to 12,000 This Year
Report: Block Aims to Reduce Workforce to 12,000 This Year
January 30, 2024  |  Digital Payments

Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees. The company announced that...

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CE 100 Index Starts Off 2024 With a 2.6% Loss
CE 100 Index Starts Off 2024 With a 2.6% Loss
January 08, 2024  |  Connected Economy

Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the...

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Lawsuit Accuses Visa of Electronic Payment Monopoly
Lawsuit Accuses Visa of Electronic Payment Monopoly
December 11, 2023  |  Legal

Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider...

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Block Debuts Self-Custody Bitcoin Wallet Bitkey
Block Debuts Self-Custody Bitcoin Wallet Bitkey
December 07, 2023  |  Bitcoin

Block has launched its self-custody bitcoin wallet Bitkey in 95 countries. The new wallet, announced Thursday (Dec. 7) is designed to widen access to self-custody and comes amid a resurgence...

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For FinTechs, Raising Capital Is Like It’s 2017
For FinTechs, Raising Capital Is Like It’s 2017
November 09, 2023  |  Fintech Investments

FinTechs remain in a tight spot, as far as fundraising goes. The third quarter of this year saw investment in private FinTechs fall 46% compared to the...

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PayPal and Block Results Show Small Business Lending Activity Tightening
PayPal and Block Results Show Small Business Lending Activity Tightening
November 03, 2023  |  Earnings

Earnings season, moving into its final few weeks, may seemingly be dominated by headlines about consumer spending. But dig a bit deeper, and details emerge...

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Block Believes That Digital Payments Needs a Decentralized Identity Layer
Block Believes That Digital Payments Needs a Decentralized Identity Layer
November 03, 2023  |  Digital Payments

As the world moves forward, digital identity is becoming a crucial cornerstone of tomorrow’s innovations. This is truer than ever when it comes to the...

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