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"PayPal's future is obvious, they'll be acquired by one of the financial or tech giants." WRT the tech giants, who will toss out their existing wallet first?
by VLM 11y ago
"PayPal's future is obvious, they'll be acquired by one of the financial or tech giants."
WRT the tech giants, who will toss out their existing wallet first? Five to twenty years ago, everyone who wanted a paypal-killer created their own. Far more likely some financial giant will buy them, the only question there is a retail bank (every checking account at XYZ bank is now a paypal account) or a service provider (every XYZ credit card is now a paypal account). Also tech giants are not so good at nickel and dimeing and adding crazy fees while providing poor customer service, but thats all financial companies do, so the fit is much better.
- parenthesis 11y agoI'd have thought a credit card (i.e. old-school payments processing) company would be the more likely suitor than a bank. After all, Visa and Mastercard were IPO'd off by the banks that used to own them.