PayPal confirmed what we first reported earlier this week with Thursday’s introduction of a Square-like mobile card reader called PayPal Here. My colleague Ryan Lawler has a good write up after attending the press event in person. I’ve been formulating my thoughts, and I think that PayPal has a pretty solid competitor right now, but one that still has plenty of question marks. I don’t think Square has to worry, at least for now.
This article originally appeared in GigaOm.