Internship
Financial services and payment processing solutions
No salary listed
Toronto, ON, Canada
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Block Inc. specializes in financial services technology, providing a range of products designed to support small businesses and individual users. Its main product, Square, offers point-of-sale systems and payment processing solutions that help businesses manage transactions efficiently. The Cash App allows users to send money to each other, invest in stocks and Bitcoin, and use a customizable debit card for spending. Block is also venturing into music streaming with TIDAL and enhancing Bitcoin security and usability through projects like Spiral and a dedicated hardware wallet. What sets Block apart from its competitors is its diverse ecosystem that integrates various financial services, making it easier for users to manage their finances in one place. The company's goal is to create a seamless and comprehensive financial experience for both businesses and consumers.
Company Size
10,001+
Company Stage
IPO
Headquarters
Oakland, California
Founded
2009
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Remote Work Options
Health Insurance
Flexible Work Hours
Family Planning Benefits
For much of the early cryptocurrency era, corporate and institutional players viewed digital assets primarily as a hedge or speculative bet. If treasury teams and chief financial officers thought of crypto at all, they tended to view the on-chain economy as full of uncorrelated assets in an unpredictable macroeconomic landscape. The classic approach, as popularized [] The post The Digital Asset Primer: Corporate Treasury Moves From HODL to Yield appeared first on PYMNTS.com.
Investigations carried out by the regulator reveal Block's alleged shortcomings in its customer due diligence practices and failure to implement controls to prevent anti-money laundering and other illicit activities.
Block will pay a $40 million penalty over anti-money laundering deficiencies in its Cash App. The New York Department of Financial Services (NYDFS) announced the penalty Thursday (April 10), saying it came after the regulator found “significant failures” in Block’s Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program. “All financial institutions, whether traditional financial services companies or emerging cryptocurrency platforms, must adhere to rigorous standards that protect consumers and the integrity of the financial system,” NYDFS Superintendent Adrienne Harris said in a news release
Block announced it has released a new open source toolkit designed to help companies manage their Bitcoin treasury holdings more efficiently.
Block unveils a real-time Bitcoin dashboard and pricing API for corporate treasuries, aiming to lower the operational barrier for companies managing digital assets.