. >> braintree offline?ahead. >> braintree is helping with third party developers and new economy companies that growing up. air bnb, uber. and braintree is a simple way to bring payments into a high fast growth start-up. >> in other words that's the -- that allows you to be in connection with other companies. that would be like here in salesforce. >> absolutely. if you want to just integrate payments really simply, braintree has got the easy integration to get payments right out of the gate. as you grow paypal will help you grow to our scale of 140 million users. >> i thought it was brilliant. the stock went up. obviously the market knows this is the way to be able to expand paypal. >> paypal has got an enormous opportunity. and we're really focusing on mobile payments. and braintree is serving a lot of these mobile payments, new mobile payments companies. many of which are mobile only. and so it's just another way investing in mobile to bring paypal both to the online and increasingly offline world. >> do

and braintree is serving a lot of these mobile payments, new mobile payments companies.y of which are mobile only. and so it's just another way investing in mobile to bring paypal both to the online and increasingly offline world. >> do you ever find a conundrum here, visa, mastercard $90 billion, e-bay $67 and back out to cash. almost getting no credit for the marketplace business because paypal is much faster growing than those guys. >> here's where i agree, it's an enormous opportunity. we used to just focus on e-commerce, which is a trillion dollar market. now with mobile blurring that line between online and offline, e-commerce and retail, it's a $10 trillion opportunity both for e-bay and paypal. so we think there's enormous opportunity. and we are doubling down our investment. >> and the retail experience has changed dramatically when you have paypal, right? >> absolutely. paypal is now being brought to point of sale. i was saying to you earlier i can now walk into the lobby of paypal's headquarters, go to the starbucks in the lobby, my cell phone's in my pocket.