[credit provider=”Jack Dorsey” url=”http://jackdorsey.posterous.com/”]
Square, the payments company headed by Twitter inventor Jack Dorsey, just got a deal to carry its Square reader in Apple’s 235 U.S. stores.This is obviously a huge deal for the company, which is able to get instant distribution all over the country and to a key demographics — iPhone and iPad users.
It’s a nice vote of confidence from Apple, which is rumoured to be considering a mobile payments play of its own.
The Square readers will retail for $9.95, even though you can order them for free online — but they come with a $10 credit, Square COO Keith Rabois tells us. So it’s even better than free: Square pays you 5 cents to get the reader.
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