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Jack Dorsey's Square changes corporate name to Block in nod to blockchain

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Square, the payments company led by Twitter co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.The San Francisco-based company said the name "Square" had become synonymous with its seller business.

The new name would distinguish the corporate entity from its businesses, Square added, a strategy similar to Meta Platforms Inc's rebrand last month.The company said there would be

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