I absolutely love this!

Square is a new device from the guys behind Twitter, currently only available in the US. It’s a small piece of hardware – a credit card reader – that plugs into the headphone jack of your iPhone or Android and an app. Both the card reader and app are free and what’s great is that users don’t need a merchant account.

So, both businesses and individuals can take credit card payments sent directly to their bank accounts.

The cashless society and paperless society are coming very soon!