According to Square Crypto, “there is growing concern that ‘patent lockup’ could stifle innovation and adoption from bitcoin to the most obscure cryptocurrency.”
Blockchain project steps up to save businesses hit by coronavirus
As well-meaning as the Save Your Business initiative is, there are sadly some flaws to the concept
The coronavirus pandemic has hit restaurants, retailers and millions of other small businesses hard. Now, a blockchain startup is attempting to mitigate the economic impact of COVID-19 for companies who have been forced to close their doors. Enterprise blockchain developer Tatum’s nonprofit Save Your Business project is designed to deliver much-needed cashflow to firms that saw their income practically dry up overnight.
Crypto-friendly Square joins coronavirus loan program
Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight
Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.
Jack Dorsey will ‘start small,’ giving a quarter of his fortune to COVID-19 fight, girls education
The Twitter and Square CEO will also support universal basic income, says he wants to see philanthropy’s ‘impact in my lifetime’
On April 7, Twitter and Square founder Jack Dorsey tweeted on his @jack account that he will give $1 billion—more than a quarter of his fortune—to fight the COVID-19 epidemic. After that, the funds will be used to advance health and education initiatives for girls, and advocate for universal basic income.