"The potential creation of the biggest payments platform outside Mastercard and Visa could transform Stripe's Irish base and put the Collisons in among Europe's very wealthiest people."
Bloomberg reports that Stripe and PayPal are in discussions regarding a potential acquisition. Such a deal would create a major payments platform rivaling Mastercard and Visa's dominance. The transaction would substantially impact Stripe's Irish headquarters and operations. The Collison brothers, Stripe's founders, would join Europe's wealthiest individuals through the deal's valuation. The article outlines six significant consequences expected if the acquisition proceeds, affecting the payments industry structure, competitive landscape, and the companies' operational footprint.
Read at Independent
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