Square launches in Canada

From The Financial Post:

The man who created Twitter is bringing his latest brainchild to Canada.

On Wednesday, Twitter creator and co-founder Jack Dorsey will launch his newest business venture, Square Inc., in Canada, the first international market for the three-year-old San Francisco-based company.

Regularly touted as one of the hottest startups in the technology industry, Square produces a small credit card reader that plugs into the headphone jack of a smartphone or a tablet, enabling even the smallest-scale business owners to accept credit card payments. The service offers free registration and Square takes a 2.75% fee from each transaction.

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