Square also will make it easier for people to buy stuff from each other, say via (Wired) Twitter creator Jack Dorsey's Square application, which is like a smartphone PayPal for credit cards, has attracted lots of warranted attention for its potential to enable peer to peer and merchant credit card transactions in the real world far beyond what's capable today in most countries.Since Tuesday's official announcement, details have emerged to flesh out how this service will look and how it will soon affect how you buy and sell stuff.Here's the latest on the disruptive Square P2P payment system, currently in limited beta and set to roll out «to everyone» in early 2010:Free DonglesSquare wants to give away the credit card reading dongles away for free to merchants so they can accept credit card payment on their smartphones (or iPod Touches), Dorsey told the LA Times.Say you're buying a sofa for a few hundred dollars through. Rather than bringing a stack of cash to a stranger's apartment, you might bring along a credit card to swipe in the seller's Square dongle and be done with it. (You still might want to check over the dongle first to make sure it hasn't been tampered with to record your magnetic strip.), set to appear in the ABC comedy series Romantically Challenged next year, joined the Square team as an adviser.«We added Alyssa to our board of advisers because she has direct and relevant experience in contracts, promotion, distribution, manufacturing, licensing issues, retail, philanthropy, and a deep insight into present and future technologies and social movements around them,» said Dorsey in a statement distributed by Milano's publicist.

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