The end goal of our financial system is negative interest rates and the elimination of cash.
Therefore it makes sense to see buzz around names like PayPal. Today the rumor is American Express is bidding to take over PayPal.
See also: Why Would Twitter Let MasterCard in The Peer-to-peer Money Game?
If one can seamlessly transfer money to their friends using Venmo, what is to stop a similar offering existing for bars and corner bodegas?
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They ( amex) need to do sumpin’. Their brand is tired, but they gotsed access to big moanays!!