And, not surprisingly, sex workers have figured out a way to profit off it.
People have joked before that transactions with prostitutes might be a natural fit for Square. How many times do you have $500 in cash on hand—or really wanted to have that much money on hand?
Well, it's happening. CNN has the details.
Basically, Silicon Valley has seen an uptick in prostitution lately as more and more money rolls into the region. And since the Valley is ground zero for any and all new technologies, tech-savvy escorts now allow credit card payments through Square. The prostitutes label the sessions “consulting services.” Of course they do.