Category: Technology News

This purchase will open up the opportunity for smartphone transactions in food delivery.

Caviar, a startup business that provides meal deliveries from high end restaurants, has now announced that it has been acquired by mobile payments company, Square, broadening the opportunities available to both organizations.

This will provide people who order their meals through the service with a new way to pay.

The option offered by Caviar, itself, is quite appealing to many consumers, who would like to have prepared gourmet dishes delivered to their offices or homes, as opposed to the quick delivery options that are currently available. That said, the acquisition by Square will bring an entirely new level of technology to the service, as these customers will be able to use mobile payments to be able to purchase their meals.

The acquisition by the mobile payments company is expected to be a deal worth about $90 million.

While Square started out as a company founded by Jack Dorsey (of Twitter fame) and Jim McKelvey in 2009, that provided card reader dongles that turned smartphones and tablets into devices that could process transactions, it has progressed quite a distance since then. The company is always working to expand itself, as its revenue margins are quite slim (at 2.75 percent per transaction) even when taking into account that over 50,000 restaurants use the service. Last year, the company lost $100 million, and it is believed to be continuing to blast its way through cash.

A Yankee Group senior analyst, Jordan McKee, explained that “Initially Square’s business model focused on the low volume merchant, so scaling is certainly very difficult.” He went on to say that “Now, we’ve seen Square trying to find ways to generate sustainable revenues.”

As a part of this effort Square has spent the last year launching a number of additional mobile payments tools and services in order to better serve its client base as it opens up new streams of revenue. Among them, are Square Capital, which provides merchants with cash advances in the form of an interest loan, and Square Cash, which allows for rapid money transfers via email.

The Meta M1 premium wearable technology is now being sold in a number of band options and colors.

It feels as though this is the year in which smartwatches are being announced, unveiled, or released with every passing week, but while many of them struggle to provide consumer with an appealing design or style, Meta Watch is hoping to overcome that barrier with its Meta M1.

When creating this wearable technology product, the company prioritized look at the same level as function.

Though the Meta M1 smartwatch had initially been expected for a spring release, after it had made its first appearance in the form of its prototype at the January CES trade show, the wearable technology gadget has only just recently been released for preorder. That said, it is available in a range of different band options, finishes, and colors. The M1 Core can be purchased in a stainless steel case, with a band that is either steel, leather, or rubber. The price ranges from $249 to $349, depending on the options that have been selected.

The M1 Color smartwatch is available with a band made of red or white rubber, with a stainless steel case.

That device is being sold for $249. Finally, the premium model of the brand’s wearable technology is the M1 Limited smartwatch, which offers a rose gold plated case with a blue crocodile strap, or a black case with a brown leather strap, being sold for $399. There is also a black M1 limited that has a black steel band that is being sold with the largest price tag, at $449. While they can be purchased as a pre-order now, it is expected that the devices will actually start shipping in September.

The design of the watch was created by Frank Nuovo, who is known for his time with Vertu and Nokia. The pivot points on the strap of this smartwatch are a unique form, which allows the wearable device to be able to conform to the wrist of the wearer in a much more accurate – and hopefully comfortable and attractive – way than the traditional form of a wristwatch strap.