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November 14, 2011 05:14 am GMT
Jack Dorsey's mobile payments startup Square is now processing $11 million a day in mobile payments, it was revealed today at the Techonomy conference in Tucson, Arizona. Host David Kirkpatrick threw the number out there as something Dorsey had told him backstagethe last official number was $10 million a day and Square may not be consistently above $11 million yet. Either way, this is up from $4 million a day just last July.The key to Square's rapid growth in Dorsey's mind is the same thing that propels Twitter: "We havent defined a lot of how people are going to use them." He sees both as utilities which can be adopted to different purposes by their users, and that is what makes them so powerful. "We dont want to make Square all about taxi cabs,"" he says. "And we dont want to make Twitter all about celebrities and politicians."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Kdv8Y5-n__E/
Processing $11 Million A Day, Jack Dorsey Says: We Dont Want To Make Square All About Taxi Cabs
Jack Dorsey's mobile payments startup Square is now processing $11 million a day in mobile payments, it was revealed today at the Techonomy conference in Tucson, Arizona. Host David Kirkpatrick threw the number out there as something Dorsey had told him backstagethe last official number was $10 million a day and Square may not be consistently above $11 million yet. Either way, this is up from $4 million a day just last July.The key to Square's rapid growth in Dorsey's mind is the same thing that propels Twitter: "We havent defined a lot of how people are going to use them." He sees both as utilities which can be adopted to different purposes by their users, and that is what makes them so powerful. "We dont want to make Square all about taxi cabs,"" he says. "And we dont want to make Twitter all about celebrities and politicians."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Kdv8Y5-n__E/
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