It's no secret that Jack Dorsey is a big fan of Bitcoin (his Twitter bio only contains a bitcoin hashtag, for example), and so it's likewise no surprise that his companies have started dabbling with the popular cryptocurrency. In his latest statement about the crypto, Dorsey said it is possible Square may make its own "Bitcoin mining system" that utilizes open-source software.
In early June, Jack Dorsey revealed that Square was looking into the possibility of launching its own Bitcoin hardware wallet, one that, he said at the time, would be built "entirely in the open, from software to hardware design, and in collaboration with the community." Fast-forward a little more than a month and Dorsey is back with an update on the plan.
Jack Dorsey revealed that Square was considering creating a Bitcoin hardware wallet this week. He suggested that "if we do it", they'll build it "in the open, from software to hardware design, and in collaboration with the community." Jack suggested that if they do it, they'll do it with principals like "bitcoin is for everyone" and "no keys, no cheese."
While there's no denying that TIDAL has taken a rather unique approach to music streaming, it's also clear that the service hasn't pulled a significant amount of market share away from the giants of the space - specifically Spotify and Apple Music. On that front, TIDAL may get some help from an unexpected buyer, as rumor has it that Square is in talks to purchase the service.
If you're one of the millions of people operating a website, selling items online, or curating Pinterest boards, you'll likely appreciate the need for high-quality product images. In the absence of a high-end camera, a proper lighting setup, and suitable skills, however, many online sellers are left with lackluster images, potentially impacting sales and follower numbers. Here to help solve that problem is mobile payment company Square.
This morning Jack Dorsey opened Square's doors to Bitcoin sales, allowing selling and buying from the company's Cash app. This app is extremely simple, allowing users to move money from bank accounts to the app with minimal steps. From there, the app allows the user to purchase bitcoin with a process that's simpler than the one that came immediately before it.
If you're going to spend money, it may as well be via something as charmingly handsome as the new Square Register. The payments company may be best-known for its smartphone dongles, but now has a completely redesigned dual-touchscreen payments terminal with dedicated hardware. That's as opposed to using an iPad or some other tablet as a register workaround.
These days, more and more payment methods are going digital. But while we live in a world with Apple Pay, Paypal, and other similar apps and services, we still see some that make the move from digital to physical. The latest example is Square, the payment company founded by Twitter's Jack Dorsey. Just last month we saw a tease that Square could be moving towards physical debit cards, and now we know they are in fact rolling out.
Thus far, Square has been a mostly digital payment system, but it may not be long before the company breaks into the realm of physical payment cards. There isn't a ton of solid evidence at the moment, but one key piece that may signal where Square plans to head. That single piece of evidence comes in the form of a picture Square founder Jack Dorsey shared on Twitter.
Square, the mobile payment company behind the iconic little card readers that plug into smartphones and tablets, has just introduced its first NFC reader, taking a step towards contactless payment methods including Apple Pay. The small, white reader is shaped like a (wait for it) square, and the company has made it available first to 100 small businesses across the US, giving them the ability to accept payments from iPhone and Apple Watch users.
As a credit card payment-related device, the Square Reader accessory for iOS has maintained a decent track record in not falling victim to malicious hacks. Unfortunately, that might be about to change. A group of security researchers have revealed how they were able to hack the Reader, which is used to turn iPads and iPhones into mobile point of sale terminals for merchants, making it capable of stealing credit card information from customers.
Square has announced its partnership with Apple Pay at the WWDC15. The new Square "Contactless + Chip Reader" will be able to take payments from Apple Pay via NFC and credit cards via its EMV chip reader. Although it can scan EMV chips, the new reader is unable to read magnetic card swipes. To combat this, Square announced that it will be shipping traditional magnetic stripe reader with the new Apple Pay/EMV chip reader, ensuring that merchants can accept a variety of payment methods.