"Feb 8 (Reuters) - Apple Inc(AAPL) will allow businesses to accept payments directly on their iPhones, bypassing any extra payment hardware such as Block Inc's Square terminals.
Fintech firms Stripe and Shopify Point will be the first to offer the "Tap to Pay" feature to business customers in the spring of 2022 in the United States, the company said in a statement.
The feature, to be launched later this year, will use near field communications (NFC) technology and allow businesses to accept credit and debit cards and other digital wallets with a tap on the device, Apple(AAPL) said.
Shares of Block fell 2% in early trading on Thursday, while Apple(AAPL) shares were little changed. (Reporting by Subrat Patnaik and Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty)"
I was wondering why I was able to pick up more SQ at the new 52 week low about 20 min ago, but it is crystal clear now.