Daily Transactions On Square Cross $2 Million

Twitter founder Jack Dorsey's startup, Square, released some very interesting numbers today - and what we spotted was this - Square now does more than 2 Million USDs a day in transactions.

"Square has shipped 341,688 of its card readers to date and has 332,483 activated users.

As Dorsey’s tweet points out, Square is also showing some very impressive growth: on March 2, Square was processing $1 million per day. Now, less than two months later, it’s doubled that, with $2 million in processed payments today alone (and there’s still some time left on the clock).

Other stats on the dashboard: Square’s total flow to date, which I believe means the total amount of transactions it’s done, is just shy of $137 million. Its revenue for today is $59,390, a 40% increase since last Friday."

Statistics Source: TechCrunch

What does this 2 Million mean in the bigger picture - try this - Visa handles transactions worth more than 5.2 Trillion dollars annually.