Twitter boss Jack
Dorsey launches global
cash register service
cash register service
LONDON: Twitter's
co-founder outlined plans to make cash registers a thing of the past on
Thursday as he held a global launch for new software that he said would help
small businesses grow.
Jack Dorsey, who is
chairman of Twitter and chief executive of the mobile payments company Square,
said the software would allow shopkeepers to track sales and provide digital
receipts.
"We think it's a
great replacement to any cash register," Dorsey said at a Financial Times
conference in London.
"It means we're
now a global company," he said. The software, Square Register, was only
available in Canada, Japan and the United States, where it tracked around four
million sales a day.
It can now be
downloaded for free everywhere else and supports 130 currencies, although it
will not allow actual payments for the moment.
The company offered testimonials
from businesses in Australia, Hungary, Mexico, Philippines and Vietnam and
Dorsey said many had already begun using the software by getting around
national controls.
Square teamed up with
the smartphone app Snapchat earlier this week for a service that allows users
in the United States to send money to friends by simply typing dollar amounts
into new "Snapcash" messages.
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