I will become a cow tomorrow if SquareUp is not becoming a top 10 trending topic on twitter in the coming hours. Jack Dorsey, Twitter creator, has revealed a little more about his new project SquareUp a very interesting new way to use you iPhone as a payment system for credit cards.
The experience seems compelling from the video demo below
But 2 details have escaped the Twitter-Sphere.
- Khosla Ventures has made an investment in the company (you can find it in the about page). Which is a great way to start
- Alyssa Milano is an advisor (i must have missed something here)
In any case i think this is a very exciting projet. I always dreamed about having the same payment experience as in an Apple Store. Specially for receipts. This could happen now.
I doubt it will be as viral as Twitter (for obvious logistical and geographical reason). But it has a very clear business case...
update: techcrunch confirmed the round this night...
