Dorsey’s Square Changes Name to Block, a Nod to New Efforts (1)

Square Inc. is changing its corporate name to Block Inc., signaling a push beyond the company’s main sales and payments products into businesses like music, cash transfers and the blockchain.

The company, co-founded and run by cryptocurrency enthusiast Jack Dorsey, will continue to call its seller product Square, and the new corporate identity won’t lead to any organizational changes. The company’s stock ticker -- SQ -- will also stay the same.

CEO Dorsey -- who resigned from the same role at Twitter Inc. earlier this week -- has long wanted to build Square from a digital-payments company into a ...