This won't make Square obsolite but would require them to provide new and most likely more expensive reader solutions for POS clients. Europe switched to Chip&P

This won't make Square obsolite but would require them to provide new and most likely more expensive reader solutions for POS clients. Europe switched to Chip&PIN but most POS devices are really expensive and in some countries mostly rented to merchants (at least in Finland it's common). iZettle [1] is really similar to Square, but with chip&pin, in Europe and they have faced some scrutiny from Visa [2]. [1] https://www.izettle.com/ https://www.izettle.com/ [2] http://www.arcticstartup.com/2013/02/20/izettle-solves-the-visa-problem http://www.arcticstartup.com/2013/02/20/izettle-solves-the-v...