Description: Social media was a game-changing technology that helped alter the course of the 2008 presidential election. In 2012, mobile payments could be the transformational technology, as millions of political supporters are given the ability to collect money on smartphones for candidates.
On Monday, President Obama’s re-election campaign announced that it would immediately begin using Square, a mobile payments start-up company based in San Francisco, with campaign staffers and some approved volunteers. “Squares are being sent to our campaign offices across the country,” said Katie Hogan, a spokeswoman for Mr. Obama’s re-election campaign.
The announcement is just the first part of the strategy the Obama campaign plans to employ for mobile donations over the coming months.
“Eventually we want to make a version of the Obama Square application available to everyone from within the App Store,” Ms. Hogan said, referring to Apple’s iTunes store for apps. “Someone who is a supporter of the campaign can then download the app, get a Square attachment and can go around collecting donations.” The application would automatically send donation money directly to the Obama campaign. Read Rest of Story
Questions for discussion:
- Will this increase the amount of money donated to campaigns or just divide up the money pie differently?
- What are the risks or downsides of utilizing this technology?