Block

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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Block Wants to Win With AI, Merchant Verticals and Banking 
Block Wants to Win With AI, Merchant Verticals and Banking 
November 02, 2023  |  Earnings

The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2,...

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CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
CE 100 Loses 2.5% as Western Union Leads Payment Names Lower
October 30, 2023  |  Connected Economy

The CE 100 Index lost 2.5%, as payment-related names led to the downside. The Pay and be Paid segment was the worst performing sector, sliding...

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Circle and TBD Aim to Launch DeFi-Focused Foundation
Circle and TBD Aim to Launch DeFi-Focused Foundation
October 23, 2023  |  Partnerships

TBD and Circle have launched a partnership centered around open source adoption of decentralized identity. The collaboration, announced Monday (Oct. 23), will also culminate in a non-profit founded...

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TIDAL Owner Block Acquires Artist-Oriented Financial Product Provider HIFI
TIDAL Owner Block Acquires Artist-Oriented Financial Product Provider HIFI
October 13, 2023  |  Acquisitions

Block has acquired HIFI, a firm that provides financial products for music artists and their teams. HIFI founder and CEO Damian Manning announced the acquisition...

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