Loop turns almost any point-of-sale system into a mobile payment machine (hands-on)

The Loop Fob - a $34 device that plugs into your iPhone or Android handset through its 3.5mm headphone jack - is one of the products the company is launching on Kickstarter today (with the first shipments expected closer to the end of the year). It's roughly the size of a matchbook, features a mag-stripe reader slot and looks quite similar to a Square. The Fob is capable of encrypting and storing your credit or gift card information and transmitting it to most typical POS systems. When setting up the Fob, you'll be prompted to download a LoopWallet app on your phone.




Engadget , Loop turns almost any point-of-sale system into a mobile payment machine (hands-on), Loop turns almost any point-of-sale system into a mobile payment machine (hands-on)