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Block has been included in the S&P 500 Index, and its payment platform Square has started offering Bitcoin payment services.
BlockBeats Report, July 24th, according to Decrypt, Twitter co-founder Jack Dorsey's payment platform Block Inc. was officially added to the S&P 500 index yesterday. Block (stock symbol: XYZ) was originally founded in 2009 as Square, focusing on providing financial services and mobile payment solutions. In December 2021, the company rebranded to Block Inc., reflecting its increasing interest and involvement in blockchain technology and digital assets.
Its payment platform Square started offering Bitcoin payment services to a selected group of merchants. This service leverages Bitcoin's Lightning Network technology, enabling merchants to directly accept Bitcoin payments through Square hardware devices, facilitating nearly instant and low-cost transaction processing.
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