Kevin Rose from Digg is busy these days with a new iPhone service and device called “Square” which will definitely revolutionalise the mobile payment processing. With square you can accept credit card payments anywhere anytime from your iPhone. It comes with a little device which you can hook up to your iPhone, and probably a app will also be released supporting its functionality.
Kevin has just released a video of the service which seems to be in beta stage, check it out and be amazed
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