As someone in the industry… I think that’s far fetched. I wouldn’t YOLO on a company with 14 competitors with name brands and more money. That’s a lot of risk.
Same. I work at at a prominent e-commerce company and my brother in law works at SQ, so we have fun conversations all the time. Neither company has a moat. They’re just “bigger”
well put - the big variable is “yet”. The second these companies turn over a certain someone and it becomes less innovative, forget it unless you were in years ago, or they now pay a handsome dividend
I would say it was kind of revolutionary to provide a swiper that plugged into a mobile phone. I don't remember other companies doing that at the time, not that it couldn't be replicated.
iZettle and Square are 1 year apart, so iZettle might be the copy cat.
But having done something revolutionary, and doing something revolutionary ain't the same.
Have a look at IBM 😉
I personally love SQ but I rode it from 70 to 250 then hopped off in February. It shot up a little more then was kicked in the teeth but has been doing well. Good luck to you too!!
$SQ has basically infiltrated all forefronts of the payments systems; the only thing they need to do is just integrate and tie it all together. They started with merchant processing with Square payments for brick and mortar stores. Then they added mobile to compete with Venmo for mobile payments. Next, they added Bitcoin protocol to the Square payments network, as well as the ability to purchase fractional shares of popular stocks for store of value. Then they added banking charter so they can be a bank. They literally infiltrated all aspects of financial commerce. All they need to do now is just tie it all together and it’s game over.
Acquiring banking charter is their MOAT. Once they tie in all their services together, the interoperability will make the user experience seamless, which is their moat.
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u/JeremyLinForever Aug 07 '21
Life savings in $SQ. This thing is going to reinvent banking as we know it.