PayPal and their in-store POS @ Home Depot

I think PayPal has most potential to eat the bank’s lunch. Their in-store POS means a buyer can pay via PayPal balance. They just need to offer a 2% discount on purchases and you will see adoption rates increase exponentially. Banks have not done enough to innovate and I think it is too late. PayPal will continue to grow and you will see banks relegated to being a funding source only.