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Agree with your point that Passbook is not used to its potential as of now. <\/p>\n
Paypal – Even if it caters the e-commerce space, its audience is different from that compared to Passbook and Square. Passbook caters the e-commerce happening with mobile users. I see Paypal as like any payment gateway of credit card companies or other operators. <\/p>\n
Current adaptation of Passbook as you said is limited to prepaid cards. But it does have potential in taking mobile-payments to another level and it will be limited by the imagination of App developers.
\n Compared to Square, Passbook has an advantage on the equipment the seller needs to have – Its needs the Barcode scanner which is already available. But still that have some limitation, but something which can be tackled. <\/p>\n
My views on Passbook’s future is captured on this blog http:\/\/techcurrents.wordpress.com\/2012\/10\/25\/evolving-ecosystem-around-apple-passbook\/<\/a><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t