Block – Moving in to Crypto?

Block, formerly known as Square, has evolved from a niche payment processing hardware company to a massive financial ecosystem for merchants and individuals. On the merchant side, Block has about $160 billion in annualized payment volume flowing through its system, along with a suite of adjacent services for businesses. On the individual side, Block has the Cash App, with tens of millions of active users and capabilities that include person-to-person money transfers, direct deposits and debit cards, the ability to buy and sell stocks and Bitcoin and much more. Block also recently acquired music app Tidal, as well as the Afterpay buy-now, pay-later platform. As its ecosystem evolves, the business will only get stronger.