Is P2P Square's Killer App?

Comments "As the writer of this article, I am wondering where is the business plan of Square with this P2P...But M. Dorsey surely have its own idea about it. Nevertheless it will be interesting to see if Square is able to demonstrate there is a way to compete with Paypal..."

Extract "Fresh on the heals of PayPal's acquisition of Braintree (and Venmo along with it), the long anticipated PayPal-killer from Square finally launched this week: Square Cash. Rumored for months now, Square Cash is pretty much exactly what people expected - a super easy way to transfer money from person to person. No fees. No complicated ACH deposit checks. No two-step funding process. Just cash from your Visa or Mastercard branded debit card to someone else's. And not launched at the leading event for industry professionals focused on professional (Money2020), but on a random Tuesday evening. Boom."

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