Block Revenues Boom As Bitcoin Plummets: Dorsey’s Cash App Thrives
• Jack Dorsey’s payment company, Block (formerly known as Square), posted strong fourth-quarter revenue and profits in 2022 thanks to its Cash App digital wallet protocol. • Bitcoin suffered its worst year on record in 2022, losing more than 70% of its overall value. However, this did not stop people from exchanging and using crypto, …
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