paypal owns braintree which is your competitor. braintree says they will support apple pay.ow is that different from what you guys set up with apple? >> apple is working with a small list of orders will stop the list is available on their website stop because we work with so many of the best or fastest growing apps or whatever, i don't know what ebay or braintree's plans might be, but there's an interesting strategic misalignment at a macro level between paypal and apple. paypal's strategy is fundamentally predicated on owning the consumer relationship. paypal is a wallet system designed in the 90's. the fundamental idea behind the product is you should not need a wallet or need to go somewhere else. you should be able to authenticate with your fingerprint and the transaction is done. i think it's going to be interesting to watch that play out. it is going to require that ebay and paypal -- >> could it take braintree and stripe out of the equation in any way? >> the design of apple pay today is carefully crafted so it enables apple to provide the user experience they want or

why are other companies not choosing braintree?ross those, take social commerce, we have been a big player there for a long time. social commerce on ven mo, which was worth $5 billion, mobile commerce, social commerce, one of the most successful from a social commerce perspective so we have it up later there for quite a long time. it is early days for a lot of these and most of these players are saying this is our first step. we are going to expand that. i would not look at the first movements here versus how this plays out long-term. we play across the ecosystem as a global provider and we can solve a lot of these things. >> we know david marcus, the former head of paypal has left. when will was see a new head of paypal and who will it be? john donahoe is running ebay and paypal. who will be the new head of paypal? >> he has done a great job. that's no surprise. much of what has happened to paypal over the last couple of years is the reinvigoration of product started with john donahoe. it has been seamless with john coming in. he

does that mean it is risky to develop for apple pay using braintree? >> absolutely not.le said here are some providers we recommend. but we work with any player that is out there. we strongly recommend you use somebody that has an s.d.k. for these things. we certainly do. you're requesting the tokenized card number. there is not a lot more there than that. that tokenized card number we support those today. we support that standard. we have been a pioneer in tokenization for years. we more than anybody else has driven these kinds of things. from that perspective we're better positioned to handle it than perhaps anybody else in the industry. >> braintree c.e.o. bill ready. t-mobile is doubling down on wi-fi. i'll speak with john legere about the latest move on the best of "bloomberg west." ♪ >> you're watching the best of "bloomberg west" where we focus on innovation, technology, and the future of business. i'm emily chang. on the heels of apple's new product announcements, t-mobile made some headlines of its own. the uncarrier announced several updates to use wi-fi callin

without we need to leave braintree. braintree says no, we are going to have that too. i think that it unshackled paypal, with another businesslike braintree that john has pieced together quite brilliantly -- it's time for them to be split. >> what you think will happen next? post blitz, what we see out of ebay and paypal? that will be the most interesting aspect for paypal. paypal has been such a great success story. largely on the growth of ebay. mentioned, thett payments business is going under a terminus amount of trains -- change. they are free to pursue other business partners, free to partner with other major platforms out there. whether it is point-of-sale business opportunities, or just other e-commerce platforms. i expect them on a new business front to be very aggressive, and continue to drive their topline growth. that has been the growth story of ebay over the past couple of years. >> are there any obvious partners right now? >> i think anything on the e-commerce platform, whether it is a standalone amazon, or a er looking for a more flexible you payments o

could apple take braintree and stripe out of the equation?design of apple pay today is quite carefully crafted so it enables apple to provide the user experience they want for their users while still maintaining all the other properties required in the other parts of the ecosystem. for these companies, they are selling in multiple countries, different kinds of devices, selling in different channels, not just through phones. these companies need to have a commerce infrastructure. it would be an enormous undertaking for apple to go and build all of that themselves. the more obvious strategy would be to work with the most successful commerce platforms. it would be an entirely different business model. it would be akin to apple deciding that we should go to because they want to have a back and for the things that run on the phone. apple is not getting any cut from what they taken the transaction. is apple doing anything for what you get in the transaction? >> we can't comment on the economics. there will be no charge for our developers for busine

the braintree acquisition has helped. to say it is lying because the market is saturated? everyone uses it. numbers are growing nicely, not as fast as they were. we will go to a dramatic change. apple is looking at the mobile payment world and the new digital payment world. digital wallet is struggling. they are well-funded and not successful. there is a notion there is more spending to happen in that world, there is more growth around the corner. the question for me, is not what just happens. most of the ebay merchants are using paypal. if paypal ends up in the hands of a competitor, like amazon, that has always been the concern of ebay. what makes ebay work is found in the payment service. that could be the issue. question, why the wouldn't even a work with other payment businesses? in theory, the payment business wants to partner with as possible. >> assuming that alibaba does not swoop in and buy it, the best outcome is that we have a company that is large, and is a switzerland in the space and plays with everyone. th