PDAStreet: News: Can Twitter Founder's iPhone Venture Take Off?

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PDAStreet.com > News > Can Twitter Founder's iPhone Venture Take Off?

Can Twitter Founder's iPhone Venture Take Off?

By Michelle Megna
October 19, 2009

Will Twitter co-founder Jack Dorsey's new venture in mobile commerce pay off?

Not likely, said one analyst, though no one predicted the huge potential of Twitter either.

Dorsey, now chairman of the micro-blogging site, stepped down as Twitter CEO a year ago. He is widely rumored to be at work on a new concept: a hardware dongle and associated app that to transform an iPhone into a credit card reader.

Dubbed the Square iPhone Payment System, the service would turn an iPhone into a sort of mini cash register, accepting credit card payments with Dorsey's company getting a cut of each transaction.

Get the full story here at InternetNews.com.


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