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The main problem with investing in Stripe is they are one meeting away from being disrupted into oblivion. This would be the meeting where the likes of Revolut
by cornholio 4y ago
The main problem with investing in Stripe is they are one meeting away from being disrupted into oblivion.
This would be the meeting where the likes of Revolut, Transferwise, PayPal, Monzo etc. meet with the high-street bankers and with the eCommerce industry and agree to cutout the middle man and rollout a modern online payment system for the 21st century, cheap and architected to resist fraud. Many European countries already have local systems.
Luckily for Stripe, MC, Visa etc. those three groups hate each other, but the probably of this meeting happening in the long run tends towards certainty.