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Is a digital billboard at the corner of the street of El Dorado and North Martin Luther King, Jr. drive is seen with the message "follow ashton kutcher" Friday 17 April 2009, in Decatur, Illinois, photo: AP

Speaking of founders Conference in Dublin on Saturday, Mr. Dorsey explained that his new startup has the potential of "bolt on" to a number of other services and, like Twitter, is only in its infancy.

Mr. Dorsey says that physicians and nurses to the United States were already paid to place, and mentioned the possibility of charities and health care professionals to accept payments using the system, potentially powerful new micro payment models. He accepted there was "skeptical" of the credit card industry and consumers that he described as "wrong".

He also acknowledged that there were significant doubts on the credibility of its technology and its model of payments financial services industry.The transition from social media to financial services has been "very difficult" he said.

Next year, Dorsey expected instead to be $billion worth of payments each year.The service will be next Canada, followed by Europe, maintaining its fresh flat in each of the delay in the launch of the square outside the Dorsey, United States marchés.Expliquer transaction 2 75pc explained that "each country has different laws" and suggested that a whole standardized regulations across Europe could facilitate the process.

By combining the functionality of Twitter and square, Dorsey said a new kind of payments system could be created, with, for example, new ways to reward the loyalty of customers: customers who paid with Square Starbucks could obtain an e-coupon delivered automatically to their Twitter account, he said.

A new version of the site Web of Twitter, which has been progressively deploy to users since one month, potential "has struck only one percent" of the platform Dorsey.Il is much more products and services "which can and will be built" in the future.

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