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Twitter founder unveils the Square, a mobile phone payment system
Mon, 14 December 2009 AEST
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TWITTER has branched into the market for electronic payments, unveiling a mini credit card swiper for the iPhone at a European internet fair.
Twitter's founder Jack Dorsey said the device, the "Square," aimed particularly to enable small transactions for "people like babysitters, dog walkers, golf instructors, flight instructors" to collect payment.
The small black square plugs into the mobile's microphone socket, turning it into a card reader like the swipe machines widely used in US shops and restaurants. Its official launch is set for March.
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