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Smartphone Visa Readers (UPDATE)

Square Device and App Make Mobile Paying Possible

— February 4, 2011 — Tech
Many have come to discover that they rarely carry cash, and with the launch of the Square Device and App for public use, paper bills will truly be things of the past.

CEO Jack Dorsey, co-founder of Twitter, can be credited with Square Inc. and the evolution of its product. The tiny white swipe device can be plugged into iPhones, iPads and Android devices to receive payments from MasterCard, Visa and even debit cards. The Square Device and App provide a new digital way to give gifts and pay friends back without cash.
Trend Themes
1. Mobile Payment Solutions - The Square Device and App revolutionize the way people make payments by allowing them to receive funds via smartphone.
2. Cashless Transactions - The introduction of smartphone visa readers like Square Device and App enables users to carry out financial transactions without the need for physical currency.
3. Digital Gift-giving - Square Device and App provide a convenient and digital method for giving gifts and sending money to friends.
Industry Implications
1. Financial Technology (fintech) - Fintech companies can leverage smartphone visa readers like Square Device and App to develop innovative mobile payment solutions.
2. Retail - The retail industry can benefit from smartphone visa readers by offering customers a cashless payment option, enhancing convenience and customer experience.
3. Mobile App Development - The rise of smartphone visa readers creates opportunities for mobile app developers to create innovative payment solutions and enhance user experiences.
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