Twitter Founder to launch next project that allows anyone with an iPhone to become a merchant

Twitter co-founder and current Chairman Jack Dorsey sent out a tweet letting his followers know that he was, “Getting ready to embark on something new and entirely different. Excited!” TechCrunch reports.

Code-named Squirrel, it’s a service that allows anyone with an iPhone to become a merchant. Just like the wireless credit card swipers you see at certain shops and restaurants, you can carry around your iPhone and take payments. Apparently, the idea is that this will allow any individual to take credit card payments on a mobile device, kind of like what PayPal does for the web.

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emily | 9:25 PM | News, Buzz |
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