MacDailyNews Take: There is no comparable device.
“When pressed for a time frame in a recent interview, Rabois claimed that the transition could take place in as little as 18 months,” Duryee reports. “This would be a very fast pace, given that so many merchants have already invested thousands of dollars in their point of sales machines — not to mention other hurdles, such as getting employees up to speed on new systems.”
Duryee reports, “‘The era of standalone machines is over,’ said Rabois, a former executive at PayPal. ‘Everyone will be migrating to iPads and comparable devices, which will be powered by an app — that is, hopefully, Square.’”
Read more in the full article here.
[Thanks to MacDailyNews Reader "MotivDev" for the heads up.]
Inside Apple’s secret plan to kill the cash register – May 19, 2012
Square’s new app turns Apple’s iPad into full-blown cash register (with video) – March 5, 2012
Apple’s iPad already replacing cash registers by the bushel – August 23, 2011