Rabois: There?s A 95 Percent Chance Square Will Do Better Than PayPal Financially

Square COO and angel investor Keith Rabois took the stage today with Michael Arrington at TechCrunch Disrupt to discuss the mobile payments product, his investment strategy and more. As you may know, Square just launched a new version of its disruptive mobile payments platform this week. The company also reached some important milestones?500,000 card readers shipped, one million Square transactions in May, and the company is now on track to process $1 billion in payment volume within a year. When Michael asked if Square will do better financially than PayPal, Rabois said there's a 95 percent chance that Square will be worth more financially and be more valuable in the greater payments space. He explains, "we are not limited to just e-commerce, we actually enable real world payments, which is a much bigger market and is more valuable."

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