I don’t see that as a problem. Tyro now has the potential...

I don’t see that as a problem. Tyro now has the potential opportunity to provide an app based solution, and/or act as a payment provider for a variety of apps in the apple marketplace. The market is already quite competitive and new players tend to chip away at each other.

I would only be concerned if Apple had decided to become a global payments company instead for of a platform.

I agree that this is a hit on square initially. Imagine having spent huge sums of money on your own hardware, only to have apple rock up and say you can now tap to pay on this commodity device.