Currently the primary ways for a merchant to accept bitcoin is to use a smart phone, tablet device, or full computer to connect them with their internet-based web-wallets service like Coinbase, or Bitpay. While useful, these options drastically limit the types of business and locations where it makes sense to adopt the use of bitcoin. Think about taxicabs, subway turnstiles, parking structures, vending machines, bicycle rental kiosk, just to name just a few.
34 Bytes, LLC plans to address this issue head-on with the BTC Terminal, a small, stand-alone, low cost point of sale hardware device that will integrate with 3rd party online web-wallets and provide a simple, familiar experience for customers and merchants. Being a simple, purpose built device will allow it to be used in remote, unmanned locations where a smart phone or tablet wouldn't be practical.
We are currently in the prototype phase.