PayPal

>>1448919
It's been done, it's called Venmo and people are already using it.

>>1448919
I can see its brand recognition being good, but what kind of market penetration does PayPal actually have. I don't see more than 30-40% of people being remotely ready for mobile or online payment. I think we're still in the spreading phase, not yet in a revolution phase.

Mobile payment is probably on the rise. In a couple of years most people probably won't even have landline internet or PCs. Personally, so far none of the electronic wallets, payment processors, etc have really convinced me.

They're sort of inbeween. They have to hold funds and process transactions, so almost everywhere they need a bank liscense, which probably hampers innovation and increases overhead (but also provides a base level of security). But they don't reward any interest. They take your money, exchange it into virtual tokens and let you pay with them. This effectively discourages holding large amounts of money in them which in turn discourages paying a lot of things with them (or you just use them as a front for a classic credit card or bank debit transaction which is rather useless). Maybe that's a front where you can innovate, but again - it would move the service closer to an actual bank which is not really the desired effect...

>>1448937
Seems dodgy, tiny, I don't see a unique appeal and finally, they've been bought by PayPal anyway...

>>1448937
Stop posting with your fucking tripcode and your shitty "muh psycho xDD" name you fucking nigger

It's called bitcoin

>>1448919
yes, lets invent the next billion dollar payment service by chatting on a cyrpto shill forum.

Unless companies start accepting other payment methods to paypal, I am afraid Im stuck to using it until now.

>>1448919
>it's losing popularity.

<citation needed>

to make a payment platform you need to fucking machete through the giant jungle that is USA RED TAPE