I would wager that Stripe has already put together a consumer-cash platform, and is weighing whether to deploy it as "Stripe Cash" or "Paypal 2.0". The former strategy would require a slow rollout that would compete with Paypal, Apple Cash, whatever Google and Samsung’s offerings are… the latter would make them the dominant player overnight.
PayPal is also used for transferring money between friends and family quite frequently
What is the mounting competition? Does Paze factor into any of this?
No cost instant financial transfers between US financial users is coming over the next decade. The Fed has 1,400 banks onboard so far, up from 900 the prior year (that's 1,400 in two years). Half of PayPal's business goes away over the coming decade.
I feel like PayPal is slowly degrading, I hope Stripe would find a way to modernize it.
I was disappointed.
The SEC won't do anything.
Best case scenario: Stripe gets larger, gets bloated, slower, eats some competitors, becomes their competitors. The street presses down on their valuation as their growth races toward single digits. Congratulations.
Block is fetching ~13 times op income. PayPal is fetching ~7 times op income.
Maybe Stripe sees the end writing on the wall and they're going for it while the bubbly action is there.
For example, when you're traveling abroad and can't buy a service online with your card, you can be 95% sure that Stripe is the payment processor.
Wow! This is the quality of reporting from CNBC? The $1B ARR number is just for Stripe's Revenue products (Billing, Invoicing, etc). That doesn't include their main business (payments-related products).
nodesocket•2h ago
eli•1h ago
rvz•18m ago
Bending Spoons bought Vimeo.
Hellman & Friedman bought Zendesk.