Twitter founder pushes New ventures into electronic payments

Beijing Time December 2 morning news, according to foreign media reported today, Twitter chairman, co-founder Dorsey (Jack Dorsey) has launched a new venture square, into the field of electronic payments. Doxycycline has been preparing for the launch of Square for a long time, and the company's website was launched in Tuesday.　　Square products can be plugged into any digital device via an audio input interface, such as the iphone and ipod Touch, and turn these digital devices into credit card machines. Many small companies are struggling to withstand the high fees charged by credit card companies. The report said that square charges relatively low, but the specific charges are not clear.　　With the services of square, consumers simply log on through the touchscreen and pay via SMS or email. Square is useful for small traders, such as the operators of food carts at carnivals or farmers ' market traders. If you do not use square, they will not accept credit card payments.　　In theory, square can also be used for billing between individuals, which will make it unnecessary for users to use cash or checks. Various forms of payment tools are becoming the focus of entrepreneurs and investors. Many companies, including ebay's PayPal, are studying how to make it easier for users to pay online.　　and Obopay and other companies are mainly concerned about payment methods such as SMS payments. Square's services will initially be launched within a limited range and will be open to everyone next year. The company has attracted the attention of many VC companies, including Khosla Ventures. (D-Gold)