Square Is Rumored To Release An All-Black Debit Card After Discontinued 2014 Credit Card Plan

Square CEO Jack Dorsey is flashing a new all-black Visa Card that might be the new future for payment systems. The card is said to be a physical Square Cash card. It can be recalled that Square Company teased the whole world in the same fashion 3 years ago before discontinuing the Credit Card project.

With the failure of Square Credit card a few years ago, the company is again trying to reach "both side of the counter" with the help of revolutionary smart debit card. The all-black Visa debit card is suspected to be a physical Square Cash Card, according to Engadget. The card's main purpose in life is said to be a secured all around payment card that draws cash from online funds.

The teaser was first spotted when Square CEO jack Dorsey posted a picture on Twitter captioned "my wallet these days". The picture contains an all-black visa debit card with no other designs but the owner's name. It's classy and unique design separates it from other colorful debit cards that are currently available in the market right now.

The classy design was actually a happy accident that turned out to be a good idea. When Square was prototyping the supposed to be credit card last 2014, the company decided to build an all-black, stealthy card, according to Fast Company. The reason behind this is that the testers could flash the card outside Square's offices without anyone knowing what it is.

Square Company has tried to launch an all-black Visa Credit Card in 2014. The project has discontinued the project because it will antagonize its partners or it would epically fail in the financial industry. But with people's reluctance to pay using their Apple Pay and other means of payments, it seems like a physical card might be Square's way "to own both sides of the counter".