Does Facebook have mobile payments on the brain?
Today, Paypal announced PayPal Here, a triangle-shaped mobile creditcard-swiping gadget aimed directly at Jack Dorsey’s reader, Square. And, just like Square, they’re aiming to convert customers with the power of their design: They tapped Fuseproject, the firm run by Yves Behar and a darling among Silicon Valley entrepreneurs, to create the object.
PayPal redesigned and re-architected its payment system for the first time in 13 years. Here’s a look at what they’re offering — the grace period sure sounds nice.