Square has had a system called Wallet for several years where if you enter a store using Square, and it detects your phone in the vicinity, you can "pay by name

Square has had a system called Wallet for several years where if you enter a store using Square, and it detects your phone in the vicinity, you can "pay by name." You walk up to the register, say "I'm John Smith," and they tap your name on the Square register to check you out. No need to take your phone out of your pocket. Perhaps this is just an attempt to backdoor people into becoming users of Square Wallet. Give away person-to-person transactions for free, get a massive user base for business-to-consumer transactions and charge the businesses for the use of your network.