Project Square, launched by the founder and former CEO of Twitter Jack Dorsey, processed more than $2 billion in payments last month. We want to recall, that the total turnover of service previously was about $ 8 billion a year.
Experts connect such a huge leap of payments through the service with massive advertising campaign, launched by Square in the media. It should be noted that payments through Starbucks, with which Square concluded an agreement and that came into effect last week, were not included. In consideration of enormous turnovers of Starbucks, in the near future Square will see one more massive jump in payments.