braintree is one of them. modest is one of them. work very well for everyone on mobile within two years. i live in chicago. if i am on a bus and i need to buy a cool t-shirt, it is kind of a pain. hopefully, in two years, it will be easy. this is the goal. to make it very easy for everyone. for both retailers and consumers. what about the future of apple pay, android wallet, and digital payment systems that are helping enable commerce? significantt been a use of things like apple pay thus far. >> i can only speak anecdotally and based on retailers that i've talked to. under the modest brand. what we have seen is that the retailers are seeing a little bit of an uptick when they enable and use apple pay. think that is the future because it is taking away steps that are unnecessary. any time you are making, lying employer -- buying simpler, it also lends to some security and safety for the consumer. harper reed, ceo and cofounder of modest. acquisitiony first as a public company. alix: you can catch more of emily on open oh bloomberg w

you bought braintree a few years ago. what other kinds of acquisitions might we see?hat are you looking at? dan: we look at opportunities organically and through potentially using our balance sheet. we have a strong sheet. we have launched with no debt. obviously that is a competitive weapon for us. we did our first announcement of an acquisition, which allows us to get to the international remittance market. it is a $600 billion market that i think is ripe for disruption. we think it is possible for people to have an easier way for people to send money to their family. we think about organic, home-grown solutions like one touch and looking across the payment spectrum of potential companies to acquire. emily: some of the critics say that paypal has innovated by acquisition and there has not been a lot of innovation from within. dan: take a look at what we announced on our earnings a couple days ago. we see expansion of one touch, which is the biggest improvement in the checkout experience in the past five years. that was started with our braintree platform but quickly

this product, these inventions we have created and then when you look at who has the most scale, braintree, which is such a neat company has a great scale and is able to kickstart into appealing to consumers all over the world. that is were the cheat code comes into play. emily: if you recognize him, he's been on the show before. he was a cpl four for president obama posco they. i asked if he's going to get involved in 2016. harper: i guess if barack obama runs for president again, but thankfully that is prohibited by the constitution. still to come, airbnb is looking for a ceo in china with the help of two chinese the sea firms. unicorn club. the why he thinks he can play with facebook and snapchat in the big leagues. ♪ emily: now to a story we are watching -- the president of soft tank is making a big wager -- they will purchase $483 million worth of company shares what he calls a personal but. when the transaction is complete, he will be the second against shareholder after the founder. is airbnb -- the startup joining a list of us-based companies expanding china. in a statement, they s

in braintree, massachusetts, when they protested it, they were concerned not only about it being passed in a parliament in which they had no representation, but saw the loss of jury trials, local jury trials for admiralty trials which a judge appointed at will and not just a local jury. there are a couple of cases i'd like to mention. one is i've got to hancock case, as many of you probably know, john hancock, founder, president of the continental congress was also a famous tumbler. he was arrested and jailed for failing to obtain a permit to unload a cargo of his ship, the liberty. john adams rose to the occasion and defended him. but i think it gives you an example of what hancock and other smugglers were up against was his ship was seized in june and it was condemned in august, falls in september along with its cargo. but that wasn't good enough for the british government. in october, hancock was sued for the enormous sum of 9,000 pounds. adams represented him and argued that repealing magna carta as far as the rights of americans were concerned. and you'll be happy to know that it w