US payments startup Square has passed a not-so-minor milestone this week, with founder Jack Dorsey revealing the company has now processed one billion payments.
A milestone: 1 BILLION payments through Square! Who made the billionth swipe? A merchant in Sacramento that’s been using Square for 2 years.
— Jack (@jack) November 5, 2014
One of Square’s core services is in enabling smaller merchants to accept offline payments using mobile devices, but it has been building out its various offerings in recent times.
Following its recent $100 million funding round that valued the company at $6 billion, Square Cash for iOS was updated to let you pay friends nearby using Bluetooth LE, and shortly after it was revealed that the separate Square Order app would now let you order ahead and alert cafes of your imminent arrival.
Launched in San Franciso in 2009 By Twitter co-founder Dorsey and Jim McKelvey, Square first rolled out for merchants the following year. It’s now open to users in the US, Canada and Japan.