PayPal is looking to get into the consumer hardware market in a small way, by competing with Square for the mobile payments market. The plan at this point, according to GigaOm, would be for PayPal to provide a small dongle that pairs with a payment network, aimed at small businesses. No telling how many companies PayPal has signed up already, but it will be interesting to see how PayPal differentiates itself from Square, Intuit, Verifone, and a number of other companies.

[Source: GigaOm]