Mopay
The deal announced this week between Square and Starbucks is
exciting but worrisome. Square streamlines the transactions that define
our everyday economic lives — just say your name and you’ve paid.
Partnering with the coffee colossus helps to expand the acceptability of
the company’s Pay With Square service,
which is key because when it comes to payment tools, acceptability is
everything. Put another way: A barrel of chicken feed stirred together
with $5 bills is a payment mechanism, as is a major credit card, but one
is more widely accepted than the other.
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