“The next area for Apple to dominate could be your wallet,” Richard Saintvilus writes for TheStreet. “There are too many growth capabilities in mobile payments for Apple to ignore. EBay’s recent earnings report said that PayPal’s revenue surged 18% year over year, demonstrating how viable a business this could be for Apple.”
“Apple should look to acquire a company like Square, which offers a pocket-sized credit card reader that plugs into your device’s audio jack,” Saintvilus writes. “Square makes it easy for small businesses to accept credit cards without installing a high-fee terminal. Today, the company is estimated to process close to $5 million worth of daily mobile transactions, which makes Square a direct rival to PayPal.”
Saintvilus writes, “Apple can once again dominate mobile devices and grow its cash by turning the iPhone into the ‘legal tender.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]