For those who fear Virtual Money Transfer and The Under Developing Countries GOOD NEWS !!!
iZette
Enter iZettle, a Stockholm, Sweden-based company which wants to solve this problem by introducing a credit card reader which does work with smart cards.
Instead of swiping a card, this little device lets you insert them into iZettle to read the chip contents. In that sense iZettle is not plugged on the headphone jack but on the Dock connector, making the device bigger than Square but I guess something’s gotta give.
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