> PayPal is in this market as well: This reminds me of Peter Thiel's thoughts on monopolies. Square are in competition with every payment method of every kind

> PayPal is in this market as well: This reminds me of Peter Thiel's thoughts on monopolies. Square are in competition with every payment method of every kind. They are not in some tiny "niche" category of payment that will somehow remain invulnerable to competition from banks, Apple Pay, Android Pay, Stripe, etc. etc. I don't see how they can possibly survive in the long-term.