Richard Branson Invests in Jack Dorsey's Square

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Haute Living Los Angeles March/April 2012

Richard Branson Invests in Jack Dorsey’s Square

by Haley Friedlich

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

Nov 10, 2011 6:11 PM

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