I can't help myself but think that $AAPL & $GOOGL will eventually turn their Pay services into neobanks competing with the likes of PayPal or CApp. I see no reason why they wouldn't...

P2P, Investing, Savings account, Loans... It's inevitable at some point.

I mean wouldn't you like to maybe use Google Pay/ Apple Pay to send your friends money instantly as you already have their contacts/emails on your phone, without having to do additional steps in 3rd party apps?

I surely would.
The Hippie Investor's avatar
I think that’s a strong possibility. Apple has made a lot of moves in finance over last two years. Part of the reason I sold Paypal. I do think they’ll continue to partner with other companies in these ventures though for a variety of reasons, but mainly core business and regulatory concerns and will never go all in.