after Facebook, the American payment giant Square also announced the new name

Square, the US mobile payment company, issued an announcement on its official website declaring the change of the company_s name to "Block". According to Square_s information, Block refers to an overall eco_ composed of many companies. It aims to enhance economic capabilities and provide brokerage services for individuals, artists, fans, developers, and sellers. Earlier, Facebook announced that it was renamed Meta, which was derived from Metaverse, the most popular concept of the year.