Starbucks & Square

The news from Starbucks is that they are going to invest $25M in Square and join the board. Square users will be able to use their consumer payment application at Starbucks to process a payment using their mobile application. Previously you needed to use the Starbucks application to manage your payments.

The interesting news is that Starbucks processed $60M in last year and a half. That’s a lot of money when you consider most transactions are around $6.