News | November 10, 2011

Richard Branson Invests in Jack Dorsey’s Square

News | November 10, 2011

British businessman Richard Branson, of the Virgin Group, invested in Square—a mobile payments start-up.  Twitter co-founder Jack Dorsey runs the start-up.

Appropriately, Branson announced the current investment on Twitter on Tuesday, followed by a blog on Virgin’s website.  Square is a small plastic cube that can be plugged into the headphone jack of smart phones or tablets and then, with a complimenting app, processes credit card payments.

Visa is also an investor in the San Francisco based company.  Competitors in the “mobile wallet” sphere include Google, MasterCard, PayPal, and a product put out by AT&T, T-Mobile and Verizon.

Source: LA Times

Related Articles

get the magazine

Subscribe to Haute Living

Receive Our Magazine Directly at Your Doorstep

Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.

Exclusive

Haute Black Membership

Your Gateway to Extraordinary Experiences

Join Haute Black and unlock access to the world's most prestigious luxury events