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What are they trying to to do? They aren't going to dominate payments in the US, no one can tame that cluster fuck. Payments have good solid revenue but no whe
by datavirtue 2y ago
What are they trying to to do? They aren't going to dominate payments in the US, no one can tame that cluster fuck.
Payments have good solid revenue but no where in the range Google/Alphabet is used to. Especially when you consider the high-touch support required in payments.
This product space is so confusing in the US. P2P,does that include "business?" When a person is trying to conduct even the smallest amount of commerce as a street vendor or with another person they are faced with a shrinking lack of choices that all operate in a different way. Venmo, Stripe, Square, Clover?, Zelle. And you have to have them all because one or more of them will drop you after someone rolls out a new poorly tested fraud/abuse/whatever algorithm.
The regulatory landscape is a patchwork where further regulation attempting to clean up the mess generally makes it worse.
- Bluestein 2y ago> This product space is so confusing in the US This. The proliferation is insane. Makes you yearn for the good 'ol (bad) days when Paypal was king. At least you knew what service to complain about back then. Particularly if you were a vendor, Paypal abuse was rampant.-
- shadowgovt 2y agoI suspect (without hard evidence) the sticking point is regulatory. Being in the business of allowing private individuals to move money around opens a company to massive scrutiny. Scrutiny Google probably doesn't want, especially if it gives the government an excuse to snoop around in Google's related enterprises. At the revenue point of the service, let somebody else be Uncle Sam's punching bag.