I guess, but it feels more than a little like calling Amazon a video streaming company. I don’t think someone who understood that Block is Square would identify it this way.
In 2022 at the peak of cryptocurrency mania, when the market for bored ape NFTs was worth a billion dollars, Dorsey decided to pivot away from the point-of-sales business, develop a bitcoin hardware wallet, develop a bitcoin mining chip, and rename the company from Square to Block.
Completely understandable decision at the time. Who wouldn't want a piece of that action?
But we can't retcon the pivot out of existence just because the blockchain hype has cooled off.
This part just isn’t true. Does the author think that Block is a blockchain company?