Ann: Scheme Booklet registered with ASIC, page-9

More clarity on how this feedback loop will work. Can see some very obvious and strong synergies with Square's seller network.


Square focusing on attracting larger merchants. I know APT has the largest share of high $$$ merchants (With Affirm closely behind). Affirm obviously have that lumpy deal with shopify. Z1P and and Klarna have much lower penetration in this space.






That ties back in with what APT have already been working on with IQ and Ads. Makes perfect sense.


These are the parts that excite me the most. I'm not sure how it will look, but can we imagine a world where you can APT share purchases? BTC purchases? How will the interface look, integrated into squares platform, separate, or all the functionality within APT?

As previously eluded too above, I see the APT integration as a central part of Squares seller acquisition strategy.

I'm only 130 pages in, but some good stuff in here. A lot of it is jargon about different investors in different geographies. Will keep going.