Can you expand on changing the nature of online commerce? I don't see that they are in any position to do so. P2P payments is dominated by Venmo/Paypal, mob

Can you expand on changing the nature of online commerce? I don't see that they are in any position to do so. P2P payments is dominated by Venmo/Paypal, mobile is going to be Apple Pay/Google Pay. Their best chance was partnering with Shopify which is the second largest e-commerce site/platform by GMV. With that position, they could go after affirm/after pay on the consumer lending side of things. I assume Shopify will do this soon since they already offer merchant lending. They can go after the PaymentTechs and Worldpays of the world but that is just a race to the bottom on processing fees. Another problem with going after those companies, they can easily drop the processing fees to near zero since PaymentTech is owned by Chase and Worldpay by Vantiv/FIS. Adyen is going to dominate the omnichannel retailers since their solution is best.