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"Existing models don't go away until they are replaced by models that work better," PayPal's Anuj Nayar tells us. "The consumer needs to see the benefit beyond, 'This is just cool.'" When it came to the perhaps over-embellished headlines from Square's announcement yesterday--the end of the cash register as we know it!--PayPal spokesperson Anuj Nayar couldn't help but chuckle. After all, PayPal has been in the payments business roughly 12 years and boasts 98 million users
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