How Square Makes Money

[@streamyoutub]

Cnbc, you guys are one of the biggest in producing this sweet content on case studies for us readers/viewers to digest. Keep up the great work!

[@abouwer01]

Dushyant Vashisht they got good stuff

[@PeterGodmez]

They stole their format from company man.

[@BoramK9294]

Seriously. love these vids

[@briandecosta5614]

Peter Godmez love me some company man!! Great channel

[@MichaelLeeW]

@@PeterGodmez yes I agree wholeheartedly,however company man isn't nearly as consistent nor motivated to put out more than 2 or 3 a month.Thats why I enjoy cnbc doing it it's double the infotainment

[@kathan833]

*It requires a full-time CEO* Elon Musk: Am I a joke to you?

[@ssjcomix]

Nikola Tesla: Show Me what you've got!

[@jahjoeka]

U mean fat iron man?

[@angelicpowers3526]

What does amazon PayPal and elon musk have in common?

[@vartamaningole9981]

Actually Jack said : But I'm not Tony ... Correction, Elon Musk

[@SirZeck]

@@angelicpowers3526 what?

[@streamyoutub]

Pretty sure square was one of the most affected companies by the removal of the headphone jack! 😂

[@th0master]

Ashlin Thomas tbh I don’t think small business are going to upgrade every year to a new phone :/

[@cancerino666]

@@ash_tn they give those out for free, so no

[@eltiggy7031]

They just probably moved their product to lightning

[@YadraVoat]

@@eltiggy7031 The chip readers are mainly using Bluetooth, from what I've seen. The headphone jack readers were magstripe only.

[@lovethyself2781]

What stops square also from upgrading to USB-c. Definitely they are all prepared for such hardware shifts.

[@williestroker1926]

after the 08 depression we are becoming more financially literate and these small businesses are given so many more opportunities to thrive

[@foxt.5043]

Are people though? We still have a have a large group of poor people. Then we have these "poor" people trying there best to shove people into college. Even though college Is a super risky ass investment

[@ThompterSHunson]

A new, global recession, is just around the corner. Dig a little bit on it and you'll be clued in.

[@doctorthee]

Going away from banks is a great start, next step is moving away from state controlled money alltogether. We need bitcoin.

[@freddybanuelos6132]

Exactly and with the stock market jumping after Trump’s inauguration that’s awesome

[@anthonyfam5469]

Thompter S. Hunson You were spot on with your predictions. What made you aware that global recession was looming ?

[@mykalimba]

You missed the opportunity to say "they cornered the market".

[@kargs5krun]

👍👍👍

[@sjneow]

@@ExistentialismEnjoyer their reader never have one.

[@PappaMustafa]

Now trading around 130

[@josephwong2832]

Square branded their products like Apple: sleek, minimalist and white...Great job to subconsciously create trust in the users.

[@kaiyanemish1158]

Very interesting 🤔

[@Lazar-w9u]

So they are a cult too? They don't seem to sell the "lifestyle" instead of the product and it's specifications like apple.

[@migo-migo9503]

I agree, the brand is much stronger than the competition. People who uses it has a lot of confidence in Square.

[@nikolaisafronov3452]

Lol, no one trusts Apple

[@mexxay5581]

It’s actually the same with sumup (same concept in Europe) they also have easy contracts and sleek designs, that are easy to use

[@jeremiahmendoza387]

So that’s why the headphone jack was discontinued. No fair!

[@transistor323]

You can still get it, but you need to pay 10 USD now...

[@fermincabrera1772]

There is a lighting connection for iPhone or Bluetooth chip reader

[@oscarruiz8526]

“i requieres a full time ceo” elon musk: hold my rocket, and tesla, and neural interface, and solar panels, and tunnel

[@diogofarias1822]

Xspace, Tesla, SolarCity, Boring Company, Neuralink, Open AI, Hyperloop, Thud, Pravda, Teslaquila. What's next?

[@eliseorios9073]

And weed lol

[@iair-conditiontheoutsideai3076]

He said it

[@maidsama5520]

Dont forget theres Richard Branson

[@migkillerphantom]

Only the rockets are a viable business.

[@AktienMitKopf]

and then came covid... and the stock soared

[@hyfr5053]

Moin digga

[@DarwinsBeerReviews]

Over tripled to $202!

[@muniztv6831]

Drug dealers, and the stock market feature helped it boost

[@ishish8816]

@@muniztv6831 its *fully* traceable which is a terrible idea for drug dealers. I wouldn’t trust a drug dealer being anywhere near my card

[@naturalgames678]

@@hyfr5053 00

[@syncsummit]

As a merchant, I greatly prefer Square ver PayPal. They are much more friendly to the businesses they work with, and their rates are similar to stand-alone merchant processing but provide many more benefits. It's hard to understand why they are such a lackluster stock, considering their size, profit and customer base.

[@alfredhitchcock45]

They are already mature. They have reached the peak of growth

[@Harihar_Patel]

Tell me about it, I have 300 shares in SQ

[@AnonymOus-dp3jj]

But they will ban you for example coffee beans! Or products their liberal agenda's firmly disapprove of!

[@syncsummit]

@@AnonymOus-dp3jj that's unfortunate. Coffee Beans?

[@wufufufu]

Up 400% in 4 years. “Lackluster”. Ok lol

[@PositiveInvesting]

It’s incredible to see how many companies downtown use Square. Going to be a possible acquisition target in the future I’m sure!

[@warrenbuffet1801]

Positive Investing who will buy it? PayPal?

[@PositiveInvesting]

Mehr Wert Apple is a realistic possibility

[@blyat7276]

with 100 billion dollar market cap its gonna be hard to acquire

[@zaydevans2077]

@@blyat7276 yeah its reached escape velocity now, too big to be acquired imo

[@herneyse11]

Cancer maker, for every single customer, a pop up coming and telling " printer connected" or printer disconnected" or "chip reader connected" chip reader disconnected

[@andy_182]

I’ve seen Jack Dorsey sitting five feet from me when I had a high school internship at square hq in San Francisco I essentially walked by a few billion dollars

[@StewartLucrative]

Cool story bro. No one cares about your internship.

[@andy_182]

StewartLucrative 73 people do

[@StewartLucrative]

@@andy_182 Would you like a cookie? Maybe an unpaid internship at a bakery?

[@TheKritter91]

If only you would see yourself as more valuable than money. Then you would break the spirit of poverty in your life and praise God as money flies your way

[@StewartLucrative]

@Thomas B Gaming is there an echo in here?

[@supercharger2605]

I would buy shares in CNBC just to get these amazing informative videos. Great.

[@likhithramesh9065]

In India we use UPI(Unified Payment Interface)....linking our cards to an UPI ID...do all transactions are done bank to bank...We just scan and pay...No physical device setup cost...Just smartphone does the work.

[@DangerDave-e7u]

I love these mini documentaries!

[@michaeljones5681]

Same I've been watching the Amazon ones so interesting

[@MoMo-sf5tj]

Small companies staying alive thanks to small loans that banks would never do, made me think of the Yes Man movie, brilliant idea!

[@ryancrosson4099]

kind of like It's a Wonderful Life too

[@dennisli180]

The rapid growth in NFC, and the phone embedded payment system are simply killing this type of business.

[@rawrbro69]

D LI Magstripe, chip card, or NFC (phone payments)-accept them all with our readers.

[@jessywanders8829]

Pretty much all the small businesses I shop at have Square! I am so happy they do because I don't always have cash on hand.

[@mikeylejan8849]

I didn't even know that this company existed lol.

[@JeroenJA]

me niether, but credit cards are not that important in Europe, main use is online and when you travel internationally .. else a debit card is so much more logical, and works fast with a simple pin code:) by the way, really, the magnetic strip is still the way most USA shops scan credit card? wtf? in Europe France was the country that was latest to shift to much safer chip scan instead of still using the static mag strip that's technically not so hard to duplicate...

[@transistor323]

@@JeroenJA In the US, many people have switched to the chip reader. The magnetic strip is still used but is slowly fading into obscurity.

[@dwightstjohn8549]

@@transistor323 Canada moved "en masse" the chip reader virtually the moment it came out. I was flabbergasted that in California in my old hood there are levels of economics that not only don't have chip capability, they don't even sell reusable grocery bags but have plastic bags almost unusable. We're always told ad nauseum that the USA, ESPECIALLY California and New York, are always on the leading edge of innovation, chic, and where it's at. Not really. Even EXXON, the worlds' largest or second largest oil company, only takes "kash" or it's own "kard"?? Really? Gas station on the same corner vary their prices by huge amounts? It feels like the sixties all over again, without the fun.

[@AAA-vk9vp]

Been around for a long while now

[@AAA-vk9vp]

@@JeroenJA square does have a chip reader too

[@RICKY760]

It’s obvious how they make money. All the fees they keep from every transaction

[@understance9516]

Respect to the man for doing the IPO with his mom.

[@81Point2]

I've never even heard of Square before today

[@honkhonk8009]

Same. But we have heard of cashapp. Kinda wierd lmfao.

[@DrROB-oc6vi]

Why can't people used simple QR code payments, In India we have like google pay, paytm, phonepe. Simple connect your bank with your phone number and pay, Even cashback is given.

[@hasshamhabib9174]

Luwang Ningthou And you also don’t have toilets

[@turtletube1392]

@@hasshamhabib9174 actually only 5 percent dont have toilets. India and most of asia use more advanced latrines that clean with water instead of toilet paper which saves millions of dollars in paper and is more eco friendly.

[@fuego3974]

Turtle Tube Yet india is still full of trash and feces.

[@siddharthnandi8567]

Fuego Dude says the guy who's never left his mom's basement

[@nishitraj.]

I hardly swipe my cards like only 20% of the times. Rest is digital payments.

[@maxdondada]

Foolish analyst are driving the stock price down that’s all

[@wb100radio]

I've been telling train hustlers who sell candy chips and soda to get cash app. Street performers and all. They never took it serious so they didn't get my money.

[@mindsinmotion2825]

😂🤣 now a days this is reality

[@jahjoeka]

Im selling candy on the stress to get back on my feet/ please buy some candy to help me eat.

[@BWater-yq3jx]

I know a busker who has something like this. But most people don't trust it in that context.

[@henri6595]

Excellent idea

[@thedbcooler]

Can't believe how often the card stripe with signature is still used in the USA. I haven't used my card stripe in years, just chip and pin/ contactlessly for everything. That's for both my credit and debit card.

[@honkhonk8009]

Its because its become something you expect out credit cards. I live in canada, and alot of people swipe here. Honestly no one really cares tbh.

[@Lilthis_n_that]

I HATE that they don't have anyone to contact when they freeze, or shut down your account w/o explanation

[@mriphone1000]

Pretty genius idea. Cuts the middle man out for small business owners. You can have an account in 15minutes.

[@MostafaSrag]

As one of Square's early believers and stock holders, this video in 2020 is a feast to my eyes

[@cse_2016]

Im new to square, I must admit that the service is fast and the staff are very friendly. Its easy to set up

[@highandmightyqueen79]

I enjoyed this video so much for once it wasn't the trendy tech companies. I liked it so much.

[@nathancosta36]

Make a PayPal video!😀

[@waltercastro2015]

Since 2016 this app has helped me. I am able to see the percentage previous year earnings to present. It motivates me I need to push 20% more in my earnings each year. I just hope they don't close it.

[@ItachiUchiha-gf4fz]

How square makes money. Uses a rectangle monitor, That's how!

[@kwfown]

Square is becoming more well-rounded, turning to a circle :)

[@smadamos1]

More like a… block

[@bear2bull848]

I really like this company, hope their success continues.

[@MsXJSC888]

What about that Canadian coffee stand scandal? Missing payments etc

[@justinstewart950]

Cuban coffee

[@AnonymOus-dp3jj]

Rgmm no they are not look at the laws

[@AnonymOus-dp3jj]

Amazon sells the beans!!!!

[@williamwilson6499]

Square is reimbursing the cafe owner.

[@islandbee]

@@williamwilson6499 - I would never use Square because of that incident.

[@luvtotrade2009]

I love SQ stock. I have bought and sold 4 times with profit. Currently own it again and hoping for a 5th sell with profit !!

[@abefinance109]

hope you enjoyed your profits! I'm holding.

[@mvp2231]

This makes me want to get more involved in the stock community

[@radranks6281]

But I thought we were moving away from headphone Jacks

[@samuelkropp5363]

I think it is important to touch on the fact that the Bitcoin feature of Cash App has been Square's only segment that was profitable from the first day it opened for business.

[@MrAndreybond]

I used their service for 6 years now. Two years ago I took a small loan from them with fixed amount added instead of interest rates. I paid CB it off and decided to take a bigger one. That changed my relationship with Square. I noticed that I’m hesitant charging customers through Square because of an additional fee taken from the payment, then opened PayPal and another merchant account that are similar to Square. I’ll pay off square loan at one point, but that would be the end of our relationship. They made a mistake by not charging interest rate like other lenders, but adding fixed loan percentage and then taking 17% from daily sales, which if you have $2k + per day accumulates a large sum taken from your pay check, which in turn accelerates the payoff. Paying a fixed fee in a short time ($450 from $5k loan) equals to high interest rate loan..

[@asclepius.dionysus]

Strange, PayPal is a billion times worse, I've had nightmares of using PayPal's service and their awful terms of service. I'm not a business owner but I used them for my freelance work and also selling products. I've lost an untold amount of money, or rather they stole it from me legally, using PayPal. They are legal financial pirates. It's abhorrent.

[@issemxfi]

Fintech is JUST getting started... And it's growing at an unbelievable Real pace... SQ is a winner and will make millionaires in the next decade.

[@taithangcong4704]

Jack dorsey has a glorious beard Respect!!!

[@sunilk_89]

CNBC is the god of stock footage! Their whole video is stock footage

[@EddyGraphic]

A few months later, BOOM! the Coronavirus hits and the stock goes from $43 to $104 in 3 months 🤯

[@thehamptons3605]

260 today

[@Chidulo]

In South Africa we have two things. 1. Money Market Money market is an in store money transfer service like Western Union 2. Cash Send/ E Wallet Is a bank to peer service where you can send money to anyone using your bank app and they withdraw at the banks atm for free no charges to the withdrawer So our two products fail in terms of convenience. With the rise of high end smart prices and ntc being used as a product differentiator cash app would not work in South Africa. We are still stuck with sending texts to tell the withdrawer to go to the atm or go to the store to get your money.

[@NotDerek._.T]

I got a square ad right before this video

[@hellowill]

Square has great engineers, great open source software from them

[@dontdoxmebro]

They're just expensive almost hitting 3%, which probably why I see vendors just charging for there cc services to the consumer.

[@gordonzhang]

To clarify, most of the 2.75% fee goes to card issuer and the clearing houses like Visa and MA. Square only takes a very small amount.

[@pjuliano9000]

So a guy in St. Louis ... Had a father who was the dean of the school of engineering at Washington University St. Louis. He inherited his fathers money and had been a serial entrepreneur for 30 years but never was successful ... He had two programmers working for him at one time. The first one was myself and the second one was Jack Dorsey. So the entrepreneur was in to glassblowing and art but not much of a hands-on software developer. He designed the square logo as the swiping device. Supposedly he approached Jack after he successfully created Twitter for the capital to create Square Inc. But he became a silent partner and let Jack Run everything since he was just an ideas guy. later he donated 15 million to the school of engineering to have it re-named after his father. Then he moved to San Francisco ... Don’t know what McKelvey has been up to since.

[@RiskyNights]

Time to make a square credit card tied to your square account and where you only get dinged once on transaction fees in or out. It’ll blow visa away

[@Mkhl4Sure]

Impossible mate, be realistic.

[@chasingsunsets87]

Its intended to be simple. But as a small business (private instruction) this actually made things more frustrating. All my "we dont do cash families" never stuck to one platform. It was either cash app, paypal (NOT a small business friendly at all!), venmo...with what I charged an hour it got really annoying. So I turned the table and demanded cash only (oh yah...and I get to keep the entire amount).

[@whywelovefilm7079]

“To protect themselves from holding all of this risk on their balance sheets, Square also sells off the loans for a lump sum to other Companies and then continues to collect a service fee from the buyer.” That sounds familiar.🤔 I think the year 2008 would like say something...

[@kahramansagra4433]

thanks a lot half day I tried to understand how they makes money and you explained it 13 minutes. Cheers.

[@Lelouch12195]

Damn jack evolved into Gandalf from the success he saw LMAO

[@weycool4681]

damn. I wish I bought Square before covid. I use Square to charge credit card but that's it. I did not know they collect loan payments through daily swipes. That's so cool.

[@kaaytie84]

Square steals your money

[@PaulFidika]

When this was filmed Square was around $60 per share, today it's around $260.

[@Joemertis]

Square is terrible for businesses that process more than $1,000 a month

[@goldenstar_1007]

Make money by holding funds and stealing it. End of discussion.

[@ohnoyo]

I remember when these came out. I wanted one and i didnt even have a business

[@evindrews]

Square is only getting bigger. None of their competition can compete, it's the nicest payment processor you can buy right now for any small business. It's dead simple too.

[@camyrocks123]

How about shopifys payment processor? Thats the only other option i can see that would work, and would link seamlessly to your website

[@donnajoseph-barford1076]

I use square for my business. I charge my customers the 3% fee. No issues.

[@crackhead8670]

That's stupid, why don't you increase your prices by 3%?

[@crackhead8670]

@@maeudaou7347 and we care because?

[@danidelosreyes5824]

I mean Square is one of the most popular shapes in the shape industry! Maybe only behind the circle, but some believe that the square is the most successful!

[@Neftegna]

nobody uses square outside of the U.S. the same goes for cashapp

[@samelmudir]

which is smart because the company banks in US and is subject to US regulations. they can withhold your money i.e. Canadian coffee shop using coffee beans from Cuba had $11,000 of Square payments locked up because of the US-Cuba embargo

[@wolkenacht4331]

A Rot right. I‘m from Europe and never heard of it

[@gordonzhang]

A Rot Ever been to Japan, the 3rd largest economy in the world? All shops there use Square. They are also expanding in U.K. and Australia. So, open your eyes before opening your mouth next time.

[@Neftegna]

@@gordonzhang Japan? 😂 ever heard of Rakuten Pay? I live in Germany and traveled to many places in Europe and never saw or heard of "Square"

[@gordonzhang]

A Rot You don’t know is you don’t know. Don’t bring up something else to distract the fact. Be humble.

[@terencejay8845]

The Square small business loans remind me of the micro loans making a huge difference in Africa. Local entrepreneurs giving local businesses a few hundred dollars for basic upgrading and expansion, that the banks won't even look at. It could be as simple as a new delivery bike for the bakers, but multiply that by thousands across a country and it's having a big impact.

[@dylanmasterguy]

0:54 this is why you dont listen to people on your tv and you listen to yourself. these people are not professionals lmao.they're saying dont buy at 60, the company is more than 200 now. these people make me sick.

[@lyiamd829]

12:36 COVID be like "did someone say economic downturn? Hold my beer"

[@keywestalert6329]

Cash app stole $400 from me, not as much as the government but I cannot stop the government

[@henri6595]

What happen?

[@yamiyo6050]

Square stole my money today after a 10hr long day at work on my day off….

[@jareddowe3863]

9 months later the share price has doubled in value 😂

[@IronG_TFT]

was looking for a comment like this lol. tech stocks went to the moon

[@ry6651]

🤔

[@churabhok2869]

Jack is dependent on the headphone jack😂 Edit: Hindenburg

[@TheUnknownCollectorStore]

why is it only limited to Apple products?? Couldn't you do the same thing with Android devices?

[@arrowb3408]

Got the most important point on this new gadget problem.

[@santiagosala9505]

Will be interesting to see how this Coronavirus lockdown affects Square. It will be tough on them if businesses can't pay back loans, given they're all closed...

[@Stoneface_]

The stock is all-time high and Crypto currencies helped them

[@santiagosala9505]

@@Stoneface_ meh, all stocks are insanely high due to the FED printing money. I think we didn't get the chance to see the real impact of covid. Also in the US small businesses got help from the govt I think. Stock prices are not realistic rn, lots of ATH despite revenues being low

[@ruzzelladrian907]

I really like Square. They have these cute minimalist devices that local stores in my neighborhood are now using.

[@jerrydaugherty4657]

ROBOT POSTING

[@blissfulfluff6382]

Why is this video made in 2019 and yet they're giving us clips of phones from 2009?

[@jjjoshiii6659]

because that's when square came out

[@edward2364]

jjjoshiii I know right

[@rickyadames7714]

Just had a terrible experience with square, not for chargebacks but just signing up.. Getting into medical school would be easier than getting approved with them . After providing them with 3 months of bank statements and my articles of formation for my two year old company, and driver's license front and back, and licenses and tax documents for my business, they have this message which is preventing me from starting business with them. When uploading the invoice that I made through their system they say "Incorrect invoice. Check to make sure the cardholder and the signer are the same person and verify that the form is for the full transaction(s) in question." Sorry, but how am I supposed to make sure that the person entering the information is not using somebody else's credit card or debit card? I called to ask them but just like you say in this video, it is impossible to reach them. I am trying to find a good payment processor as an alternative to Paypal who also sucks. I currently use EasyPayDirect and I am not going to lie, getting approved with them was a total pain, but the difference between them and square is that they have people who answer the phone and they also sent me almost daily emails asking if there was anything they could do to help me sign up for the program. I can see how some people would be annoyed by these emails, but for me being a busy businessman processing $1 million per year, I liked their almost uncomfortable amount of emails. It helped to remind me to get my paperwork and stuff in. The most difficult part of getting approved with easy pay direct was making a terms and conditions page and privacy policy. There are places online if you Google they will help you make a terms and conditions and privacy page. I think I paid about $170 to get these silly legal documents made, but it was really worth it. Use termsfeed. com to make a privacy policy first and then make the terms and conditions page if you are going to have a privacy policy on your website, because I think @t asks you if you have a privacy policy when you make the terms and conditions page. It is expensive but it is really convenient, and the best part is you will not have to deal with these SJW payment processor's like square who do not value you as a person!

[@alison1317795]

Why didn’t you pop up in my recommendation 12 months ago so I would have bought this stock at 70ish instead of 140 lol (still made a lil bit of money tho so it’s not TOO bad

[@brucet.3239]

I got in at $23, gotta love the easy this stock is performing.

[@Stoneface_]

It's at $ 245

[@johndo3760]

Wish it would’ve popped up when you got into it 😆 now look at me getting in at $270

[@abdullaharshad8622]

Dorsey is one of the biggest innovators in this world

[@kaaytie84]

They steal your money

[@xXxserenityxXx]

History, = Copy, rinse and repeat. Good effort.

[@jt.633]

I just wanna say how much I hate square for breeding merchant entitlement by prompting customers to tip for the smallest transactions.

[@awakenedsoul]

Absolutely. Focking ridiculous

[@harrison6082]

6:21 Since they do all their credit card transactions, I'd bet they have the data that could accurately determine if they will be able to pay back the loan 7:30 They talk about it here

[@jennyzhang3411]

Until apple removed the headphone jack

[@neonkillzaff6163]

They have a lightning adapter

[@pinBin25]

Great episode! Thanks guys!

[@bigwigger6185]

So I can make any shape and earn this amount of money?

[@ppumpkin3282]

So retailers pay Square 2.75% plus per transaction. What have the credit card companies they usually get 2% or more, so if you are using a credit card, does the retailer now have to pay Square and the Credit Card companies?

[@lingth]

Capable of plugging into a "headphone jack" and iPhone killed the Headphone jack.

[@leoo1880]

All this squares make a circle! All this squares make a circle!

[@viraajrane8057]

Lmao Now sq Stock had rose almost to 130 during corona. I told my mom to buy the SQ stock for my birthday and I got enough money to buy a new graphics card.

[@Stoneface_]

It's at $245 now damn

[@Ispy-pixels420]

I work in the hotel industry and I would love to see a property management system (PMS) as clean and useful as square.

[@adensmith9489]

Square needs to make a credit card

[@harnoorsingh2866]

Pro life

[@zakai1769]

There is a cash app card but it’s debit

[@monkeydog8681]

That small business loan is actually a great idea.

[@shadzscape]

*Circle & rectangle* definitely guna be one of their competitors in the future!! 😬 . . . . . Triangle said cba!! 😂

[@PassportGods]

Good breakdown. Enjoyed this video!

[@Backlashking8]

Never mentions that Square also sells Bitcoin.

[@TheDifferenced]

Hopefully Square buys Nash then uses and advertises Nash Pay for crypto payments into fiat *instantly* then automatically converts it into a decentralized manner.

[@rikenm]

ElChapo TunnelDigger they said that. Cash app segment did mention through cash app you could buy/sell cryptocurrency.

[@Nimatodes]

Meh. Bitcoin is nothing more than the modern day Beanie Baby.

[@dwightstjohn8549]

@@Nimatodesexcept the price goes up/down every minute. I'd need medication to own that stuff. WE actually have a bitcoin mine here in town, on the banana side of the Rockies, but it has more to do with guys that ALREADY have money, cash flow, underground economy, and are looking for miriad ways to "wash" what they ALREADY have. No thanks.

[@ShidaiTaino]

ElChapo TunnelDigger they literally did

[@xxNATHANUKxx]

Now their cash app is where the future growth is gunna come from

[@jackalmuiz]

Kenyans have been doing this for years now. How the west thinks it's a novel concept is beyond me. And we don't even use cards. Keep playing catch up.

[@EK_Ishani]

With just a SIM card. They would do away with a lot of hassle if they just ditched the plastic cards as a whole.