Twitter co-founder Jack Dorsey has been telling Sky News about his efforts to transform the way people buy goods in stores - with an app designed to replace cash registers.
Square, the financial services company set up by Mr Dorsey, has just launched its free Register app worldwide.
The app is a digital version of the cash register, and runs on iOS and Android phones and tablets - allowing them to take card payments.
It can also track inventory and issue digital receipts to shoppers.
Mr Dorsey told Sky News: "All those cash registers you can see on the counter - imagine if you took that and you were able to put it on your phone."
Square originally launched in the US, offering businesses a small white credit and debit card reader that plugs into mobile phones.
He said: "We started with the little reader, but more and more we realised that real power of what we were building was in the register, the point of sale, and payments is just one tiny little sliver of commerce.
"Commerce is this huge swathe of what happens before the transaction and after the transaction.
"The small business economy is such a massive part of every nation - it's often a driver for the national economy and then the global economy. And oftentimes the tools are quite weak. There's over 130 million businesses around the world and 90% of them are still using pen and paper to record and to transact.
"And you counter this with the intersection of the abundance of mobile phones out there, Android devices, more markets around the world have more access to these phones. And we’ve built this tool that allows them to download it instantly to their phone or tablet and run their business. Take all the inaccuracies and inefficiencies of pen and paper, and use those insights to grow their business."
Mr Dorsey also talked about Snapcash - the new Snapchat function that allows users to send money to each other over the messaging platform, powered by Square.
"This intersection of messaging, email or text messages, and money transmission is really interesting," he said.
"Just speaking about sending you money or giving you money actually makes it happen, it’s very fluid and it's how it should feel."
"People definitely exchange money, every single day. We do it in person. I can hand you a $20 bill, and you can hand me a $20 bill, and it's a very physical act, but people want and expect more of that in the digital places that they're spending all the time in."
On Bitcoin and digital currencies, he said: "Digital currency is a big part of our future, whether Bitcoin is the right manifestation of it is to be determined.
"What digital brings is convenience and it brings speed. So more and more, as we have these tools in our pocket and people are carrying them around, we'll need better transport mechanisms for them. And digital currency certainly meets that."
Mr Dorsey remains chairman of Twitter. The company's share price has slumped recently, and some Wall Street analysts have called for new leadership.
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