Dare Obasanjo on Nostr: Block which renamed itself from Square to rebrand itself as a blockchain platform is ...

Block which renamed itself from Square to rebrand itself as a blockchain platform is winding down its blockchain platform efforts.

It’s now clear that there is little value in blockchains and crypto as a technology platform. Crypto has found a niche as a form of speculative assets for financial risk takers and a tool for moving money around while avoiding regulation (e.g. ransomware payments, foreign remittances, etc).

https://www.cnbc.com/amp/2024/11/08/jack-dorsey-dramatically-shutters-blocks-tbd-crypto-unit.html