Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App.The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to PYMNTS.“Block believes that bitcoin is an instrument of economic empowerment and provides a way for people around the world, including business owners, to participate in a global monetary system,” the company said i ...

Block, the company behind Square, Cash App and other services, announced a new program today allowing merchants using Square’s solutions to convert a percentage of their daily sales to bitcoin.The feature, rolling out in the U.S. starting today, will transfer 1-10% of Square sellers’ daily sales to their personal Cash App account. This amount will convert into bitcoin at the end of the day. Merchants will receive a confirmation of the conversion when the transaction is complete.Block said that the bitcoin c ...

PM ImagesIntroduction We’ve done a lot recently to reduce our costs. Now we’re going to focus on growth. (Block FY2023 Q4 Shareholder Letter) That pretty much sums up Block's (NYSE:SQ) Q4 earnings results — Block has restructured its organization in such a way that it is well-positioned to drive profitable growth for years to come. Furthermore, management issued strong 2024 guidance, which sent the stock higher following earnings. However, the stock has withered over the past few months as the broad ...

Square has expanded the availability of offline payments to every hardware device, in every country.The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a growing number of units over that time, and now offers it across the entire Square hardware lineup, Square said in a Tuesday (April 23) press release.With the latest expansion, nearly 90% of hardware sellers can take offline payments, according to the release.“Whether in a remote location or fac ...

Block Inc logo is seen displayed in this illustration taken, April 10, 2023.Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.In a post on Tuesday, the global tech firm announced that it had finished the development of its own standalone three-nanometer bitcoin mining chip and was now in the process of working through the design with a "leading global semiconductor foundry."Block also ...

The most recent trading session ended with Block (SQ) standing at $73.51, reflecting a +0.51% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.58%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.The mobile payments services provider's stock has dropped by 7.79% in the past month, falling short of the Business Services sector's loss of 4.36% and the S&P 500's loss of 1.09%.Investors will be eagerly watching f ...

Although it had performed well in 2015 and beyond, this stock crashed heavily in 2022 as the company reported slowing growth and quarter after quarter of financial losses. Overextension into emerging markets, high inflation, and crypto winter stomped its stock price into the ground. However, this dark horse has begun showing signs of recovery and is now racing to the top as its financial status gets better and better.Today’s surprise surge stock is Block, Inc. (NYSE: SQ) and this article will cover its ongo ...

hapabapa Block's Bullish Thesis Remains Intact Block, Inc. (NYSE:SQ) stock has outperformed my expectations since I upgraded SQ to a Buy in early February 2024 before Block's fourth-quarter earnings release. Investors in the Jack Dorsey-led company saw SQ notch a 15% gain against the S&P 500's (SPX) (SPY) 3% upside over the same period. However, like leading fintech player PayPal (PYPL), SQ remains well below its 2021 all-time highs, down nearly 75% from those levels. As a result, investors who chased SQ's ...

Block (SQ) closed the latest trading day at $78.51, indicating a -1.84% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq lost 0.84%.Shares of the mobile payments services provider witnessed a loss of 2.12% over the previous month, trailing the performance of the Business Services sector with its loss of 0.45% and the S&P 500's gain of 1.78%.The upcoming earnings release of Block will be of great interest ...

Fintech stock Block Inc (NYSE:SQ) is 1.8% lower to trade $78.19 this morning, after Morgan Stanley issued a downgrade to "underweight" from "equal weight," along with a price-target cut to $60 from $62. The analyst in coverage cited "high market penetration and limited additional opportunity." On the charts, the stock's 40-day moving average that was pressure for the first two months of the year is getting tested today. The shares have shed nearly 9% over the last week and are now just below their year-to-d ...