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Why PayPal bets on open-source

Soumik Ghosh | July 4, 2016
Here’s why Bill Scott, the man leading next gen commerce at PayPal, swears by open-source and believes in lean engineering. Failing fast and learning fast is the key to the castle, he says.

What PayPal has in store for next gen payment

Scott believes that PayPal is not just a payment destination, it's a fabric. With its acquisition of Braintree, for example, or Venmo, which is a payment experience, PayPal's new mantra has switched from "How to get everyone to use PayPal" to "How to meet consumers and merchants where they're at, in a way they want to be met."

"It's like when you have that delightful experience, just in time, with a new-found freshness. That's the magic we're looking for. For example, every time someone uses Uber or Airbnb, that's PayPal powering them," beamed Scott.

"It's not about getting people to use your product, it's about solving their problems. If we forget this, if we become solely PayPal-centric, we miss out on opportunities. That's what makes us what we are," he concluded.



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