YOUR FRIENDS' ACTIVITY

    Square Hits 2 Million User Mark, Processes $6 Billion in Payments

    By Todd Wasserman | Mashable – Thu, Jun 14, 2012

    Square, the mobile payment company started by Twitter co-founder Jack Dorsey, just broke 2 million users, just six months after it surpassed 1 million.

    The company is now processing more than $6 billion in payments as well on an annualized basis. That figure represents huge growth for Square. Last year at this time, the company was hoping to process $1 billion in payments "within the next year."

    [More from Mashable: Businesses: Find, Reward Your Influencers With Yamana]

    The latest milestone comes after a busy few months for Square. The company expanded its payment option to New York City taxis and introduced a cash register iPad app this spring as it fended off a challenge from PayPal, which launched its own mobile payment solution.

    The company's vision has also been rewarded by investors, which have plowed $138 million into Square, giving it a valuation in the $4 billion range.

    [More from Mashable: Website Generates Absurd Twitter Bios]

    This story originally published on Mashable here.

    Loading...

    More Tech News

     

    News for You »

    • Landing gear issue leads to plane's belly landing

      NEWARK, N.J (AP) — An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.

    • Soccer-Ramos shines in front of media after Mourinho no-show

      MADRID, May 16 (Reuters) - Real Madrid defender Sergio Ramos put in an assured performance in front of the cameras after coach Jose Mourinho failed to appear in Thursday's news conference ahead of the King's Cup final. Better known for his tough tackles, powerful heading ability and nerves of steel when taking penalties, the 27-year-old Spain international appeared in the conference room to represent the club and deftly handled a string of awkward questions. "If I am here it is for a reason. I can also answer questions just like the boss," Ramos said. ...

    • Cycling-Cavendish notches up 100th win, Wiggins loses time

      By Alasdair Fotheringham TREVISO, Italy, May 16 (Reuters) - Britain's Mark Cavendish racked up the 100th win of his career on stage 12 of the Giro d'Italia on Thursday but Bradley Wiggins's hopes of overall victory were in tatters when he lost time on the main bunch. Tour de France champion Wiggins, who has been suffering from a chest infection, was dropped in the final hour of the 134-km stage to Treviso after being caught on the wrong side of a split in the bunch. ...

    • Bea Arthur topless painting fetches $1.9M in NYC

      A painting of actress Bea Arthur topless has sold for $1.9 million at a New York City auction. The painting is by artist John Currin and is titled "Bea Arthur Naked." It sold at Christie's auction ...

    • Danish teenager makes rare Viking find

      COPENHAGEN, Denmark (AP) — Danish museum officials say that an archaeological dig last year has revealed 365 items from the Viking era, including 60 rare coins.

    • Topless protest disrupts opening of Barbie house in Berlin

      BERLIN (Reuters) - Women's rights protesters disrupted the opening of a giant pink doll's house in Berlin on Thursday, saying the Barbie "Dreamhouse Experience" objectified women. Promoting the doll made by Mattel Inc, the house allows paying visitors to try on Barbie's clothes, play in her kitchen and have a go on her pink piano. The exhibition will be open until August 25. A handful of protesters gathered outside the shocking pink house that has been erected in one of central Berlin's greyest areas. ...

    • 'Crazy' Ants Driving Out Fire Ants in Southeast

      Invasive fire ants have been a thorn in the sides of Southerners for years. But another invasive species, the so-called "crazy" ant — that many describe as being worse — has arrived and is displacing fire ants in several places.

    • Huge Rock Crashes Into Moon, Sparks Giant Explosion

      The moon has a new hole on its surface thanks to a boulder that slammed into it in March, creating the biggest explosion scientists have seen on the moon since they started monitoring it.

    Show More
    Loading...

    Follow Yahoo! News