Jack Dorsey, who brought Twitter to life, recently stepped down as Twitter CEO, and the cryptocurrency industry and mainstream media are still talking about it.
Known to be a Bitcoin fan, Dorsey may have wanted to focus more on the crypto money industry with his resignation, but there is no conclusive evidence of this.
A news that comes now increases the probability of this situation considerably.
Dorsey is now CEO of Block
US-based payments company Square Inc., where Dorsey still serves as CEO, changed its name to Block.
In a statement made by Dorsey, it was stated that the reason for the name change of the company was blockchain technology.
The new name change will also cover Cash App, Tidal music service and decentralized cryptocurrency exchange.
The name of the cryptocurrency exchange in question has not been announced yet and its development process continues.
The fact that Square has now changed its name in this way after Bitcoin and crypto money payments shows that Dorsey may have resigned for this reason.
Dorsey, who manages two companies worth billions of dollars, will be able to resign from one and devote more time to the other.
The claim that this is related to Bitcoin has actually become somewhat true with this name change and blockchain emphasis.
The BTC-focused changes Dorsey makes on Twitter show how much he focuses on BTC in his existing companies.