Is going to be Snapchat the new Paypal? Snapchat, known for sending photos that immediately disappear after being viewed, has teamed with payment processing square to help users send money to one another. The system is remarkably simple: start a message, use a dollar sign and give the amount. In the three years since launching, Snapchat has become synonymous with a new breed of social-networking services that focus on simple communication of either a photo or video. The company has said users send 700 million photos and videos a day. Mobile payments are already skyrocketing, due in part to the popularity of smartphones and new services like Apple play and Google Wallet. While it's unclear how big the peer-to-peer money transfer industry actually is, Square said in August its users had sent "hundreds of millions of dollars" to one another. Last month PayPal reported customers used Venmo to send $700 million in payments in the third quarter -- a 50 percent increase from its previous quarter.LR 4ºA

Comments

Post a Comment

Popular posts from this blog

PERSON OF THE MONTH: BILL GATES

Image
Bill Gates  saw the potential in PCs before anyone else truly grasped the commercial value of the concept. His foresight allowed him to build Microsoft into a $400 billion behemoth, and made him a passionate believer in the system that allowed him to do so. ”Some people, through luck and skill, end up with a lot of assets. If you’re good at kicking a ball, writing software, investing in stocks, it pays extremely well. Capitalism has worked very well,” he said in 2010. To those not as enraptured with capitalism, he offered a curt suggestion: “Anyone who wants to move to North Korea is welcome.” That´s why I have chosen him as the man of the month, for becoming the world richest man with a net worth of 76 billion dollars. D.G 4º B
Read more

AIRPLANE DISAPPEARS

MARCH 18 2014 Malaysia today announced that they have changed the lookup disappeared Malaysian Airlines plane with 239 people on board to record parts of Asia and the Indian Ocean, while continuing research crew and passengers. Suspected hijacking or sabotage increased further after it was confirmed that the last radio message from the cabin-casual "okay, good night" - was said after someone had started to disable one of the monitoring systems automatic airplane. O.B.1ºA
Read more

Valentine's Day at Tirso

Image
This year our 4th graders, who are participating in a week long trip to Lisbon, got creative with fundraising ideas! With the help of the Language Assistants and a group of teachers, these 4th graders sold carnations for students to send to others in the school. Carnations were on sale for a week before Valentine's Day, and students, teachers, and staff were able to purchase one flower for one euro to be sent to the person of their choosing. The day of Valentine's Day arrived, and the team was busy attaching hand written notes to each flower, categorizing them, and delivering them to their lucky recepients. All in all, the fundraiser was a great success, and the school was filled with love to celebrate Valentine's Day!
Read more