“Square” mobile payment gets quick video demo

Twitter co-founder Jack Dorsey is creating an easy way to accept payments from your iPhone. It’s called “Square” and the basis is that you have to put the payment dongle into the headset jack and follow the simple process of a credit card transaction. It’s still in beta now but investors such as Kevin Rose of Digg fame is jumping on board and backing the project.

Check out the video below… not sure when this will arrive in Canada, but do you think it’s the future of mobile payments?

Via: EngadgetMobile