What Does Bitcoin Mean for Block?

Following in the footsteps of Meta Platforms (the company formerly known as Facebook), Square recently changed its name to Block (NYSE: SQ) to shine light on the company's new strategic focus. 

Not only does the name of this booming fintech business implicitly reference blockchain technology, which is the foundation for cryptocurrencies, but company founder and Chief Executive Officer Jack Dorsey hasn't been shy about voicing his support for Bitcoin (CRYPTO: BTC) in particular. He thinks it can be the native currency of the internet. 

Let's dive into what exactly the world's most valuable cryptocurrency means for Block. 

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Source Fool.com