01 Dec 09 Square: Saying goodbye to money

Tags: money, square

Square “launched” today. It is an interesting new product that allows anyone to easily accept payments from cards in the offline world. This makes it easier for the little guy to accept payments via a credit card at places like a flea market for example.

The idea itself is brilliant, probably garnering many facepalms of “why didn’t I think of that?”. What intrigues me most is that this basically means, bar a few examples, that carrying money around has once again become even more pointless.

With the advent of the internet, money has been disappearing into digital numbers, something that’s never in your “hands” anymore. You still have to carry cash around for “petty” payments, but with the advent of Square I see it lessening even more. It is disturbing actually to think that the essential thing that determines my well-being is actually so frivolous. I can’t physically account for my well-being anymore. It is disappearing.

I say bring on a new crowdsourced economy without money driven by our desire to innately collaborate  through the reduced opportunity to communicate through the internet to share what we love to do.