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First, Square Inc. made a splash last week by introducing Square Cash, which allows individuals to email money to friends.
Registered buyers, in turn, can easily purchase items via the mobile apps, particularly when using the PayPal Mobile app for iPhone, which allows users to quickly email money or "bump" iPhones with a seller to transfer funds between PayPal accounts.
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By contrast, if you want to expedite a business transaction, emailing money directly to someone is not an option — not only because copying money is illegal but also because you can't be 100% certain the recipient is the person he says he is.
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U decide - NYPD Blows Whistle on New Hillary Emails: Money Laundering, Sex Crimes w Children, etc...MUST READ! https://t.co/O0bVJT3QDr.
Now they have a technology that is like email for money.
A hard business problem: In spite of how many people use email, making money in this space is challenging.
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