A closer look at the Square Payment System

Phil Torrone got to look at the new Square iPhone Payment system and he and the daring Lady Ada of AdaFruit industries took some photos and video of a prototype of the new device. To recap, the Square device is a little dongle that lets you swipe credit cards. With a quick slash of the card you can accept payment from anyone for almost anything.

Not much to write home about right now but this early beta seems to work like a charm, reading and authorizing a charge in seconds. Great for the hunter/gatherer economy that will come in to replace our current capitalistic model.