I’ve always had an interest in technology. Since my pre – teen years I’ve always wanted to play on the newest computer, fiddle with the newest cell phone, and marvel at the flat screen TV’s in the electronics store. Business, government, and society are all structures that can be massively affected by technology. Social media has exploded onto the scene; the majority of companies are now located on some type of social media outlet. Government, while a little slow to adopt new technologies, has been greatly affected by technology nonetheless. Governments have needed to up their virtual security, and most recently, have debated censoring parts of the internet. Society has been constantly affected by new technology, and yet I think one of the most intriguing technological inventions involves the transfer of money from one person to another. The iPhone is quickly becoming a staple in the pockets of many Americans. It’s easy to use, it’s trendy, and it works well. Therefore, it’s not surprising that many of the apps that are created for the iPhone are popular and constantly downloaded. Many of these apps people can barely live without! One app, however, may change the way people deal with money. The app is called Square. Square allows the user to accept payment through credit cards (or debit cards) and do this all relatively easily on one’s iPhone. Watch the Fox News informational video below for a short, in-depth explanation of Square:
Square is an app that allows someone to be completely independent. From the friend who owes you some money to the small business owner who needs a quick and easy way for acquiring payment on the go, Square is incredibly useful. Square also provides a register app for the iPad that is slightly more complex and offers more tools for acquiring and keeping track of payments. This app can conceivably revolutionize the way people pay for things. Of course there will be the usual cash registers at brand name stores or markets, but more and more people can now participate in the economy through these transactions. In the age where everyone seems to be an entrepreneur, Square takes that notion to the next level and allows someone to be an entrepreneur on their own terms.
In our class we’ve learned about the interactions between business, government, and society, and I believe Square introduces a whole new interaction between these groups. Suddenly, society is slightly more independent from business, and yet business has another tool to use for increased accessibility.
I was in New York City last weekend and visited Eataly, an Italian inspired restaurant and bar. The bar was taking cover fees for entering, and they were using the Square Register on the iPad to record reservations as well as accept payments. The iPhone has given many people the freedom to conduct business and other important activities on the go. Square adds an intriguing, and possibly revolutionary weapon to this arsenal.
**After finishing this blog post, I began to think about the implications this might have on people working for money that is paid “under the table.” Obviously, the employers and employees in this situation will not want use this app when it comes to payments. But it is important to note that when one accepts a payment with Square, that money funnels into a bank account. This could mean heavier scrutinization about what is being paid for by whom. Just something to think about.