Jack Dorsey's Block Brings Back Old-School 'Faucet' Playbook

Block announced that it will launch a Bitcoin ‘faucet’ on Monday, offering users a way to access and use the cryptocurrency without an upfront cost.

This will be reviving a distribution model first used in Bitcoin’s early days in 2010. Jack Dorsey has been a long-time supporter of Bitcoin, believing in the cryptocurrency’s ability to serve as money rather than a store of value.