With the shock of hearing about a potentially profitable Twitter side project only just abating now, six months on, we can fill in a few details about the almost-secret iPhone/credit card scheme from the company's Jack Dorsey.
According to reports of a few trials around New York, the project is to be called either Square or Squirrel – we're guessing the latter just because it seems to go well with the name Twitter.
Good to go
As we already knew, it will involve a physical adapter that attaches to an iPhone to make it into a mobile credit-card-reading terminal. The idea is to allow small businesses or even individuals to process cards just like larger retailers can.
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Tech website Engadget also has screenshots of the associated app in action, showing the domain paybysquirrel.com in the receipt displayed on an iPhone. PayPal watch out.