Twitter Co-Founder Thinks of Mobile Payments

Twitter Co-Founder Thinks of Mobile Payments

Being co-founder of IT service Twitter, Jack Dorsey revolutionized online socializing and now he wants to do the same by aiming at mobile payments and transforming the way people use money. He is the leader of Square which is a new IT company with a brand new IT product offering which looks like a tiny cube and has the power to plug into the headphone jack of an iPhone.

Its role is to help us make easier credit card payments and the idea of passing your credit card through the tiny square came to Dorsey a year ago when a friend of his lost an important sale because of the fact that he couldn't accept credit cards. In January, IT company VeriFone Holdings Inc. plans to release a service similar to Square's. You see something on the internet, you decide  to buy it on the spot and there is the need for Square.