Metaverse could be next big thing. Square, a financial services firm that provides financial services to customers across the globe has made bold changes to its name.

We’re changing our company name so we can give the full @Square brand to our Seller business. Now we have to choose a name that ties @Square together with @CashApp and @TIDAL. That name is “Block.” Why? https://t.co/vVSKNnMUU3

— Square (@Square) December 1, 2021

The name change is meant to tie the company’s various finance and entertainment services such as CashApp, Tidal, and TBD. Square disclosed that their plan to rebrand was in place for over a year. It is a simple name change and nothing else. Square Crypto, which is a seller account and tools for sellers, will continue to be the same as it was before.

The company has already been active in crypto and this is an important step. Square will also venture into metaverse.

Jack Dorsey is the CEO of Square now Block and co-founder.

Square is the brand we created to support our Seller business. Block has a new name but the goal of economic empowerment does not change. Whatever our growth and changes, we’ll continue to create tools to increase the economic accessibility.

Considering the fact that many established firms are buying into the metaverse concept, Square’s venture into the metaverse comes as no surprise. Meta (formerly Facebook, NASDAQ :)),) was the first to enter the metaverse. They donated $50,000,000 for metaverse research.

Continue reading on BTC Peers