I took the liberty of rewriting Wired’s headline for this article — “Square Bets Big on Next-Gen Credit Card Tech” — because the rest of the world has used EMV cards for at least several years.
Square’s implementation is as you would expect from a team fronted by former Apple hardware designers: elegant in its simplicity. It’s not as nice as the current reader, mostly because of all of the additional hardware required to read chip cards, but it’s certainly more refined than a chip-equipped PIN pad.
This looks really promising to me as Square tries to up their international game. Not only is this going to mean greater security for Americans, it’s going to allow more international users to feel more comfortable using Square to pay for stuff.