On: Square Raises $150M at a $6B Valuation

[Keats]

Not entirely sure how different it is in the US but I (UK) can send money from my bank account to a friend's one and he/she gets the money in less than 20 seconds.

[qeorge → Keats]

But wouldn't you and your friend have to exchange bank account numbers?

An advantage of Square Cash is it uses email as a proxy, and you probably already know your friend's email.

[Keats → qeorge]

You need to know the sort code / account number you're sending money to which is written on the cards the first time, after that it's already saved in my bank portal and I can just select them