Starbucks teams up with Square for credit card processing, including the "Pay With Square" app, in a $25 million deal. Are you comfortable using your phone for small, everyday transactions?
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- I was not inferring "every" transaction, but to be using a credit type payment for transactions of less than say $20 seems quite pointless.Aug 8, 2012
- For some instances yes, but not for all. For small business there isn't much benefit to paying the feesAug 8, 2012
- yes, we are very close to this system i talk about.
In the past money (the notes) was just a promissory note for the value of it in gold. That means that e.g. the bank had to store the value of all the dollars worldwide in gold because it was a promissory note for gold. You was able to go to the bank and give them your money and they had to give you the same value in gold. They HAD to, it was a law. This means they you dont pay with a worthless paper, you pay with gold, which has a real value, not a virtual. Then this law has been cancelled, the last president who wanted reactivate this law was... make a guess... JFK (he also wanted to control the dollars because then and now your dollars are produced by the Federal Reserve Bank which is a privat bank. The Fed lends it to the american goverment and they pay rents/interests for it. Imagin this stupidity, you (the gov) can only lend your own money from a privat guy and have to pay for it, you can not make it by your own. The first thing the pres after JFK did was to reverse all this plans...)
The last big currency in world which had this gold-connection was the german Mark, the Euro is as virtual as the dollar or yen or pound.Aug 8, 2012
- Rob King+1... still can't make a decent coffee.Aug 8, 2012
- i'm one of the lucky few who walk into a place and they say, "your money's no good here, mr.wisney" before they hand me a tall mocha with extra whipped cream.Aug 8, 2012
- best espresso ever. i swear.Aug 8, 2012