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Mobile payment startup Square brings a virtual currency world closer with new partnership with Coinbase

A sci-fi world where we all carry virtual currency in preference to the ‘real’ stuff has come a step closer, thanks to a new partnership between the increasingly popular mobile payment provider Square and Bitcoin wallet Coinbase. It doesn’t take a seasoned product manager to recognize that this is a potentially big development for the future of the cryptocurrency. Simple and painless for buyer and seller alike All goods and services on the startup’s online storefront, Square Marketplace, will now be available to buy with Bitcoin as well as with traditional bank or credit cards (the Marketplace in a kind of virtual one-stop-shop featuring items from ecommerce merchants who are actually geographically scattered across the world). The more skeptical product manager may be speculating whether this is just a shameless attempt to ride the Bitcoin hype wave; but he or she would be wrong. Square’s market lead, Ajit Varma, explains in the company blog announcing the move that sellers won’t notice anything different (apart perhaps from better sales) and buyers will find it simple and painless, thanks to the adroit technological processing Square has put in place. Buyers simply scan the QR code in their Bitcoin wallets to load the…

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Mobile payments startup Square expands to New York – the city it wanted to call home all along

When a tech startup announces a major expansion on three fronts simultaneously, you don’t have to be a master product manager to know that its product is taking off. Smartphone tech startup Square, whose free credit card reader facilitates easy and secure mobile payments, is doing just that, with a major expansion of its San Francisco headquarters, a new office in Canada’s Kitchener-Waterloo (which will please recently laid off Blackberry employees in the city) and, most importantly, a new office in New York. Square ‘belongs in New York’ On reading this intro, the more observant product manager will be asking why a new office in New York is ranked as “most important.” Well, it all has to do with the beliefs of Square’s co-founder and CEO, Jack Dorsey (yes, that’s the same Jack Dorsey who is the creator, co-founder and Chairman of Twitter). Dorsey, it turns out, is a New York enthusiast. The startup’s new office there will be the base for tripling the company’s engineering talent in the city – a process Dorsey himself dubs “aggressive.” At a recent roundtable he hosted at Columbia University, he said that he had a number of reasons for believing that Square “belongs…

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