September 30, 2022
shutterstock 116721157

shutterstock 116721157

The digital payments company of Jack Dorsey (the former CEO of Twitter), Block Inc. witnessed a 29% increase in its year-on-year gains at $1.47B in this year’s 2nd quarter, although the Bitcoin (BTC) business of the company has dropped due to the lower customer demand as well as the decline in the prices of the primary cryptocurrency.

Block’s BTC Revenue Dips

The financial services platform essentially earns Bitcoin (BTC) revenue through the provision of Bitcoin…

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