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Apple Buys Startup to Challenge Square in Mobile Payments

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Epic Games Acquires Kids’ Technology Platform SuperAwesome

12:08 PM PDT 9/25/2020 by Trilby Beresford Rachel Luna/Getty Images; Courtesy of SuperAwesome Epic Games founder and CEO Tim Sweeney; SuperAwesome co-founder and CEO, Dylan Collins The company allows developers to create safer digital experiences for children on the internet. Fortnite maker Epic Games on Friday revealed the acquisition of SuperAwesome, a technology platform that…
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Ethelyn Brye is an award-winning author and blogger. Growing up in Switzerland and influenced by renowned Swiss design and a lot of fresh mountain air, she attended and completed design studies in Geneva. Post graduation she moved to Washington State to work for a design firm, but her love of writing brought her to Cyanosaur. She's highly interested in strategy rpgs, mountain climbing, board games with friends and skiing. She lives in Seattle, Washington, with her lovely cat Armstrong.

Special Report: You Could Lose or Make a Fortune Mobeewave’s technology could transform every iPhone into a mobile payment terminal. Apple (NASDAQ:AAPL) has reportedly acquired a Canadian start-up with technology that could be used to turn every iPhone into a contactless payment acceptance device, directly challenging Square (NYSE:SQ), which is the leading provider of mobile payment hardware and software. Bloomberg says Apple is paying $100 million to buy Mobeewave, a maker of tech that allows mobile devices to accept in-person payments without additional hardware. Image source: Mobeewave. Tap and go Once the Mobeewave app is installed on a smartphone equipped with a near-field communication (NFC) chip, a buyer can simply tap their credit card against the back of the phone to make a payment without the need for any dongles, wires, card readers, or other hardware.Buyers can also type in an amount they want to pay on their own phone and tap the recipient’s phone to make the payment. Samsung partnered with Mobeewave to allow its smartphones to use the technology, and last year, its venture capital arm, Samsung Venture Investment, invested in the company. That followed a round of funding led by NewAlpha, Mastercard, and Forestay Capital. Apple’s iPhones have come equipped with NFC chips since 2014, meaning this acquisition could undermine Square’s position in the market, given that it depends upon card readers to complete transactions. With Mobeewave, the tech giant’s popular smartphones would become payment terminals too — no dongle needed. Although contactless payment systems aren’t new, the coronavirus pandemic has likely increased interest in them, as customers and retailers look for ways to limit physical contact, even with a card reader.
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Hands-on with the Hyper GaN Stackable USB-C charger [Video]

Last year Hyper launched the world’s smallest 100W USB-C charger thanks to its implementation of GaN technology. Now the company is back with an even more compact and functional way to power up your devices with the HyperJuice GaN Stackable Charger. Follow along for a hands-on look as well as how to get 50% off…

Elon Musk and SpaceX launch Starlink satellite broadband amid pandemic

In vast swaths of the United States and the world, there are millions of people who don’t have reliable internet access. These unconnected people aren’t just in far-flung places like rural America or New Zealand or sub-Saharan Africa, either. There are plenty of people living in dense city centers who struggle to access affordable broadband.…

Epic Games Acquires Kids’ Technology Platform SuperAwesome

12:08 PM PDT 9/25/2020 by Trilby Beresford Rachel Luna/Getty Images; Courtesy of SuperAwesome Epic Games founder and CEO Tim Sweeney; SuperAwesome co-founder and CEO, Dylan Collins The company allows developers to create safer digital experiences for children on the internet. Fortnite maker Epic Games on Friday revealed the acquisition of SuperAwesome, a technology platform that…

Gaming companies are reportedly the next targets in the US government’s potentially broader Tencent purge

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