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A lot has been happening on the mobile device side of the mobile payment revolution and now the other side, the receiving side, is getting up to speed. Square (the electronic payment service, not the videogame developer) have announced their new contact-less card reader that will succeed the old magstripe system, and it’s an NFC-enabled device that is compatible with Apply Pay.

The device, which doesn’t have a catchy name, is tiny, works with an app, and can wirelessly read both NFC and EMV chip cards. The reader also comes with a separate magstripe reader; Square isn’t going to completely abandon a technology that is still widely in use.

The device is available for $49USD up front, but Square also charges a 2.75 percent fee for each transaction completed using the device.

I was born well before debit cards were a standard possession for a bank account owner, and I remember both my father and my grandfather being reluctant to carry a card over cash. I always wondered if I would be as reluctant to change, but here I am ready to throw my wallet in the trash at a moment’s notice. Bring on the future!

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