It competes with anyone selling point of sale hardware No. It allows sole proprietors, freelancers and the like to not have to get a Square reader to take cre

It competes with anyone selling point of sale hardware No. It allows sole proprietors, freelancers and the like to not have to get a Square reader to take credit card transactions. That's super convenient, especially for getting a deposit from a client, for example. It also requires a newish iPhone (iPhone XS or later device), so there will still be plenty of iPhones out there that won't support this.