Payment company Block is expected to release an iPad stand with NFC payment capabilities.
An internal file image in Square’s app revealed that the company is working on a third-generation product called ‘Square Stand’, which will support the iPad and can be paired with a card reader. The new standard is believed to be better than its predecessors as it offers both physical support and NFC card reader support.
Technical details and specifications are yet to be announced, but when the product is launched, the integration with iPad will become easier for the merchant. An external card reader is all that is needed to sell products and have them recorded on a digital ledger.
Block has yet to announce the booth, but it could be launched soon. The iPad will become the ideal sales, registration, management and payment terminal for merchants once the product is released.