Payments News


Square, Inc. Allocates $25 Million for Minority and Underserved Communities, Including $5 Million Bitcoin Endowment

“Square, Inc. announced the allocation of the remaining $25 million of its $100 million investment in support of minority and underserved communities. Square shared the ideology behind the investments in a memo outlining how companies can make similar commitments, along with information about the newly launched Bitcoin Endowment focused on financial education and access. With the company’s purpose of economic empowerment at the forefront, in 2019 Square began dedicating deposits to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) in communities around the country. The $100 million of investments announced in September 2020 was a continuation of Square’s commitment to increasing access to financial services.”