Block Inc's Square enters Canadian pot market with Jane Technologies as partner

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Square, a unit of fintech company Block Inc, said on Wednesday it would enter the Canadian cannabis market through a partnership with e-commerce platform Jane Technologies. The payments processing firm — founded by Jack Dorsey, co-founder of Twitter (now known as X) — said it would launch an early access program in the Ontario province for licensed dispensaries to test its retail point-of-sale offerings. Those who sign-up with Square for payments systems in physical stores would also be able to use Jane's platform for selling their products online, the companies said.

- Square, a unit of fintech company Block Inc, said on Wednesday it would enter the Canadian cannabis market through a partnership with e-commerce platform Jane Technologies.

Those who sign-up with Square for payments systems in physical stores would also be able to use Jane's platform for selling their products online, the companies said."We are focusing on one province first as we want to take the time to get it right and then expand on something that is stable," Roshan Jhunja, head of retail at Square, told Reuters.

The goal for the companies is to provide a platform to the sellers to make their products nearly as accessible as the illicit market, Jane CEO Socrates Rosenfeld told Reuters.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

CEO of Block's Square business Alyssa Henry to leave company(Reuters) - The CEO of Square, a unit of fintech company Block Inc, will leave the company, according to a regulatory filing on Monday. Alyssa Henry ...
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »

McGill’s in Saint John shutting down after seven-plus years on the Market Square BoardwalkOwner of Uptown bar and restaurant cites pandemic and construction-related challenges
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »

McGill’s in Saint John shutting down after seven-plus years on the Market Square BoardwalkOwner of Uptown bar and restaurant cites pandemic and construction-related challenges
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »