Square: The Next Evolution of Money?

Tue, May 11, 2010

Android, iPad, iPhone, Mobile

Today marked the launch of Square for iPhone, iPad, iPod Touch and Android, and what it does is rather an amazing concept. Think about this: Say you’re looking to sell something of yours either at a garage sale, craigslist or to a friend down the street but they did not have any cash in hand. Well, Square looks to fix that by offering you the option to take credit card payments using your phone or iPad.

The way that Square came about is actually a fairly interesting story: “In February 2009, Jim McKelvey wasn’t able to sell a piece of his glass art because he couldn’t accept a credit card as payment. Even though a majority of payments has moved to plastic cards, accepting payments from cards is still difficult, requiring long applications, expensive hardware, and an overly complex experience. Square was born a few days later right next to the old San Francisco US Mint.”

“Today the Square team is focused on bringing immediacy, transparency, and approachability to the world of payments: an inherently social interaction each of us participates in daily. We’re starting with a limited beta and rolling out to everyone in early 2010.”

Today, the service is available for everyone just by simply visiting their website. Now, once you’ve created your account, you can order their free card reader which will allow you to begin taking credit card payments. Very, very cool if you ask me.

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Talor is a Contributing Editor at Frisky Mongoose focusing on the mobile side of the social gaming world.

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