Tag Archives: Square’s
Mobile payment service LevelUp, an off-shoot of Boston-based SCVNGR, announced this morning that it has raised $ 9 million from T-Venture, the venture capital arm of Deutsche Telekom. The investment is the second tranche of a larger funding round and brings the total raised to just over $ 21 million. SCVNGR itself has raised over $ 31 million. As a result of the investment, T-Venture Senior Manager Randeep Wilkhu will join the startup’s board as an observer.
As for some context: Every day there’s a new headline about mobile payments solutions. It seems that every carrier and credit card company has its own system, while all the big mobile players are working on one or have one already on the market (Google Wallet). The rumors indicate that the iPhone 5 will have NFC functionality to enable Apple’s entry into the mobile payments game. The point is: It’s easy to be skeptical of new solutions, especially when it comes to long-term viability.
Pop quiz: Can you tell what the device pictured above is? If you answered “a clock that represents the essential building blocks of a CPU while using binary and HEX numerals to display time,” then you’re certifiably crazy — and correct. The brainchild of tinkerer extraordinaire Lior Elazary, the “CPU clock” mechanically emulates the application of computer concepts — codes, instructions and checks — to create a “simple” wall clock. To display the time, the middle register uses binary numbers read from bottom to top to indicate the hour (a reading of “0010″ indicates 2 o’clock, for example). For minutes, the clock uses the HEX numerals on the outer edge of the device, so “05″ represents “5,” “0A” indicates “10,” and so forth. Keeping the clock up to date is a ball that goes around and activates the various levers to change the time. Given all its geeky goodness, this one easily takes the nerd cake from the wordy QLOCKTWO W and super flashy Sci-Fi watch. For a more clockwork-like explanation about its inner workings, check out the video after the break.
Square’s Card Case rechristened ‘Pay with Square,’ is first to bring geo-fenced hands-free payments to Android
Gallery: Pay with Square screenshots