Profile picture
Alex Rampell @arampell
, 10 tweets, 3 min read Read on Twitter
OS-based wallets like ApplePay pose an existential threat to cloud wallets like PayPal. Compare the experience at TheNorthFace with PayPal vs ApplePay. Eventually HomeDepot, Walmart, etc will embrace. PayPal smart to diversify. Let’s tweet this experience...
Ok, I have the jacket I want. Should I pay with PayPal or ApplePay?
Let’s pay with PayPal! Ok, step 1, leave the website I was just on...
Step 2, now login...
More logging in, step 3
Step 4, more...logging in
Step 5, more!
And there are still more steps. Now compare that to ApplePay, one step, built into the browser — and done
PayPal is hardwired into the checkout flow at many top retailers like HomeDepot.com, but unless they build their own mobile OS it will be impossible to bundle this as seamlessly as Apple
Expect widespread adoption of ApplePay *on the web* and for this to have a game changing effect
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Alex Rampell
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @arampell see all

Profile picture
1/n Visa today has a $328B market cap, bigger than virtually every bank on earth (JPM at $384B is the only one bigger). And yet it started out as a non-profit owned BY banks. How did it become more valuable than its “parents”?
2/n Since Visa intermediates rates between banks (“interchange” between card issuers and merchant acquirers) and clears transactions between issuing banks and acquiring banks, it is the ultimate “central ledger” or platform for finance.
3/n It was originally part of Bank of America, called BankAmericard. But to syndicate this platform beyond BoA, it became a consortium — Visa. Independence (to ensure the central platform didn’t take too much economic rent!) was ensured via non-profit ownership structure
Read 8 tweets
Profile picture
The reason B2B2C models are so interesting: when we look at fintech investments, the questions of “how do you get distribution” and “how do you make sure somebody else doesn’t outbid you” are paramount. If you can nail a B2B2C model, you lock down both:
a16z.com/2018/05/17/b2b…
I like to joke that the best way of investing in fintech is to buy Google stock and Facebook stock (or even CreditKarma private stock!) — that’s where all these companies go to acquire customers
It’s because it’s REALLY hard to have an organically adopted product in financial services. Do you rave about your once-every-10-years mortgage? Will your raving be remembered by the friend who needs it in 5 years?
Read 4 tweets

Related threads

Profile picture
1. I can't believe this journalist (someone who works in the culture industry) could be so obtuse about how culture works. Culture is a road map. It doesn't determine what individuals will do, but it establishes grooves into which individuals are likely to settle.
2. The Beatles wrote one dark song called Helter Skelter, which was scattered amongst a catalogue of songs about love, peace, justice, and the joys of getting high. Manson's twisted mind took one of those songs and turned it into a rationale for murder.
3. Donald Trump's *central* and oft-repeated message is that CNN is the "enemy of the people," that Democrats are socialists who will violently destroy the country, that Obama is not really an American and that he and Hillary founded ISIS.
Read 10 tweets
Profile picture
Walmart insists you show a receipt. They can’t do that. 1) you didn’t sign a membership agreement (aka Costco) and 2) once you buy a product, they’re searching your property. You have the right to refuse. @Walmart any comments on how your worker treated my mother?
2) She behaves differently pre-recording. My mother had to go into Walmart for a can of paint (we avoid at all costs) and she insinuated my mother was stealing when she said “no” to the receipt check. She threatened to call a manager.
(3) the manager arrived. Allowed her to belittle the customer and speak in a patronizing tone. She then doesn’t like hearing the word “sh*t”? Please 🙄 #walmart #KnowYourRights #Shopping #CustomerService
Read 3 tweets
Profile picture
Today a tweet appeared from Jeremy Corbyn.
It used language that should worry any democrat.
But it also used language that will send a chill through the heart of many British Jews.
The period between March and now has seen Labour's crisis over antisemitism reach fever pitch. It's been unrelenting.
In late July (just 6 weeks or so ago) the 3 main Jewish newspapers in the UK all published the same leading editorial on their front pages.
The phrase that was then picked up and run with by the rest of the media from this leading article was that a Corbyn led government would pose an "existential threat" to British Jews.

That phrase has come to signify and encapsulate the issue: Jews perceive Corbyn as a threat.
Read 13 tweets
Profile picture
PRESS STATEMENT – TUESDAY 4 SEPT 2018
MASS LOBBY: MEMBERS CALL ON LABOUR NEC 
TO OPPOSE FULL IHRA
Outside Labour Party Head Office
105 Victoria St, Westminster, London SW1E 6QT
By Camden Momentum with input from other Momentum groups
For more information contact: Camden Momentum:
Owen Holland or Sam Weinstein:  camdenmomentum@gmail.com
On Tuesday 4 September from 9am members of the Labour Party and Momentum are holding a mass lobby of Labour’s National Executive Committee (NEC) which is due to discuss the adoption of the IHRA definition of antisemitism
with all its examples.
We urge members of the NEC to oppose adoption of the examples which would label criticism of Israel as antisemitic.  
This lobby was called at an emergency meeting of Camden Momentum attended by over 110 members from 17 Momentum groups. Labour Against the
Read 19 tweets
Profile picture
@JennieGenSec @johnmcdonnellMP @IanLaveryMP @EmilyThornberry

An open letter to the Labour Party. (Please RT if support)

1. We write as Labour Party members or supporters to ask what is happening with the investigation into interference by the state of Israel into UK politics.
2. In January 2017, Al-Jazeera broadcast a four-part documentary, The Lobby, into a senior political officer of the Israeli Embassy in London plotting to “take down” Foreign Office minister Alan Duncan and discredit the then chair of the Foreign Affairs Select Committee
3. Crispin Blunt for disagreeing with Israel’s policies towards the Palestinian people.The evidence recorded on video exposed extensive interference by the Embassy into the Labour Party & the National Union of Students and its then president, a supporter of Palestinian rights.
Read 26 tweets
Profile picture
The Israeli military confirmed that it carried out a 2007 airstrike in Syria that destroyed what was believed to be a nuclear reactor, lifting the veil of secrecy over the operation
In a lengthy release, Israeli military revealed that eight F-15 fighter jets carried out the top-secret airstrikes against the facility in the Deir el-Zour destroying a site that had been in development for years and was scheduled to go into operation at the end of that year.
3- It was not immediately clear why Israel decided to go public now. The military would not comment on its reasoning, but the move could be related to the upcoming memoir of Ehud Olmert, who ordered the strike and has hinted about it for years.
Read 10 tweets

Trending hashtags

#GOPTaxScam #IntelChips #GOPCorruption #Shopping #postofficetrial #FlintWaterCrisis #BohoSquad #nsuuath #CleanDrinkingWater #CustomerService #JDCJDR #CGS #MattFurie #PAM #GOPLies #NationalSecurity #Insurancepolicy #ClimateChange #IanLivetweetsHisResearch #RefusePolaization #Christophe_Andre #AntiSemitism #United #TeamPatriot #isacalux

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!