Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics

admin February 27, 2026 Leave a Comment

While Jack Dorsey cites AI-enabled productivity gains as the reason for Block’s cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech acquirers have relied on for years.

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Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics

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