Jack Dorsey's Block Is Looking to Create a National Trust Bank. Here's Why That Could Help to Send Bitcoin Higher.

Key Points If approved, Block would save on resources and fees needed for custodial services. This is intended to support the company's active Bitcoin business. 10 stocks we like better than Block › Block (NYSE: XYZ) , the company behind the Square payment terminals at retailers and the developer of the popular Cash App, is entering the banking business. Well, sort of. Earlier this month, the financial compan y announced it had submitted the regulatory paperwork to establish an uninsured national trust bank. This will be called Builders Bank & Trust, or more simply, Builders Bank. This is an attempt to improve the company's under-the-hood operations, particularly with regards to its Bitcoin business. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.