Block (XYZ) Investor Update summary

Product and technology innovations

• Launched AI-powered voice ordering for restaurants, enabling efficient, accurate phone orders and freeing up staff for hospitality.

• Integrated delivery management consolidates orders from major platforms into one system, streamlining operations and providing instant access to earnings.

• Introduced Square Kiosks for faster in-store ordering and unified menu management across all channels.

• Rolled out Order Guide, an AI-driven procurement tool for real-time vendor price comparison and cost control.

• Enhanced Square AI with features like mobile access, neighborhood insights, and auto-updating dashboards for actionable business intelligence.

Financial and payment solutions

• Announced Square Bitcoin, a fully integrated Bitcoin payments, treasury, and wallet solution for local businesses, enabling acceptance of bitcoin with zero processing fees through 2026.

• Bitcoin payments can be accepted at point of sale with instant settlement and optional auto-conversion to USD, and sellers can automatically convert up to 50% of daily card sales into bitcoin.

• Sellers can manage, buy, sell, hold, and withdraw bitcoin alongside other business finances via a native wallet in the Square Dashboard.

• The solution aims to simplify bitcoin adoption for small businesses, removing technical barriers and providing near-instant settlement and low-fee transactions.

• New pricing and packaging plans introduced, emphasizing transparency and flexibility for businesses at all stages.

Expanded financial tools and ecosystem integration

• The new bitcoin features build on Square's broader banking and commerce ecosystem, offering expanded options for payment, cost control, and financial diversification.

• Integration with Square Banking allows unified management of sales, banking, and treasury, extending financial empowerment to more businesses.

• Since the 2021 launch of Square Banking, hundreds of thousands of sellers have improved cash flow and set aside billions in savings.

• The bitcoin tools complement other Block initiatives, including Cash App, Bitkey, and Spiral, reinforcing Block's leadership in digital currency innovation.