Mobile POS darling Square keeps hitting milestones.
The company's official Twitter account announced yesterday that 1 million merchants had signed up for its point of sale solution. Company CEO Jack Dorsey put that number in persepective on his Twitter feed:
"To put that in perspective: there are only 8 million merchants who accept credit cards in the US. @Square has added 1 million."
There was no response from Dorsey on how many of those merchant accounts are actually active, but he said recently that Square is processing $11 million per day in transactions.
Source: Mobile Payments Today
