Visa is a Bay Area company. 
Both Square and PayPal are Bay Area companies as well.
@manch Opportunistic. Doesn’t need to be in SV to make money from SV companies and/or ride the RE craze. You’ve given your reasons for staying, why should others do likewise?
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Plaid seems to have been close to 100million in revenue in Jan 2019. Assuming they about doubled that to 200 million by EOY this seems to be a 25x multiple. Valuation seems quite rich.
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Is this why SQ has jumped so much today? Trim a little today with the intent to buy back. I know, I know, always screw up by placing GTC purchase price too low. That doesn’t stop me from from trying, insanity is to do the same thing again and again, expecting different outcome. I’m insane 
Ticker…Market Cap
PYPL $134.9B
FSRV $80.6B
Stripe $35B
SQ $30.2
TD $26B
Plaid $5.3B
Honey $4B
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daily that my fintech 
bet is the 
one
Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China
Only in China or writing is on the wall for credit card companies? @manch would say it won’t happen because of network effect. We shall see.
Many customers have been using the payments and e-commerce platforms for years – handing over details from ID cards to addresses and spending habits. Once Ant extends a loan, it can track how the money is spent via Alipay. The result is a bad-debt ratio stands at about 1%, below the 1.24% national average for credit cards.
SQ 
copying China practice. Thought only FB does that.
The risk for Visa, Mastercard and AmEx is that a swathe of Chinese consumers and businesses will view credit cards as obsolete. About 60% of borrowers on Ant’s Huabei platform don’t have one, and many smaller merchants don’t accept cards because they find it’s cheaper and easier to use Alipay or Tencent’s WePay.
Credit cards are still in the loop in the initial phase of fintech trend, might be removed from the loop in later phase. Apple needs to buy SQ asap, heard that Apple did try, try again
Are you aware that Visa, a great Bay Area company by the way, is worth 462B?
Similar logic that SHOP won’t be successful because of competing with AMZN?
Explain similar.
Visa claimed to have started the cashless 
revolution. Now is facing creditcardless disruption. Welcome to the world of creditcardless society. Not here yet? No blockchain entrepreneurs come up with a democratizing system yet? How about the one in Africa? What about those guys in spaceship?
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Anything interesting in this report?
$1T club is getting crowded.
Fueling their rise is a shift toward cashless financial transactions spurred by a rise in online shopping.
I was wrong that they would disappear in a creditcardless society, they will grow bigger because they are payment exchanges! You don’t need physical credit cards but you still a credit processing and payment exchange.
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Cash and checks are still a big chunk of payments. Still a lot of market to capture .
The article is behind a paywall. But, I agree that payment processing is a payment infrastructure play.
Here you go