Even under the most extreme scenario every single merchant affected will switch (I think it is 20 - 30% of total merchant base), its intrinsic value should deline no more than 30% market cap. So far it has dropped ~40% so you can figure whether the market cap movement is reflective of change in intrinsic value. The other thing is that even if people switch to an alternate service provider, no one can guarantee their terminals will never be down. I think the terminals provided big 4 banks is less reliable from my conversations with friends who run small shops & cafes. Stripe / Square is much more expensive as others mentioned while there is no clear evidence that their service is more reliable.
Have topped up again and I am selling my APT holdings to go all-in on this next week when it is back.
TYR Price at posting:
$2.32 Sentiment: Buy Disclosure: Held
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