Well, we finally have a glimpse at “Square,” the new mobile payments venture coming from Twitter co-founder and chairman Jack Dorsey. As expected, it’s a little hardware add-on that can turn an iPhone into a credit card reader.
The funny part: Details about the small-business-oriented project have been on the Web for months. It was just that nobody had put two and two together until some eagle-eyed folks at Engadget realized that a URL on a screenshot of the “Square iPhone Payments Venture” first reported by Coolhunting matched a domain registered to Dorsey.
Cool idea, and I guess it’s democratizing commerce to some extent (just like Twitter democratized media), but is there...
This is the future of all college campus drug deals. Bad idea.