--- title: | Max Friedrich --- [![ARK-Logo-Black-500px](https://research.ark-invest.com/hs-fs/hubfs/ARK-Logo-Black-500px.png?width=189&name=ARK-Logo-Black-500px.png)](http://ark-invest.com/) # ARK Research ## Explore "Big Ideas 2026" by ARK Invest ![download-icon-white](https://research.ark-invest.com/hs-fs/hubfs/ARK_Invest_Nov2018/download-icon-white.png?width=65&height=80&name=download-icon-white.png) [ダウンロード（PDF, 4.9MB）](https://research.ark-invest.com/hubfs/1_Nikko_JPN_Content/ARKInvest_BigIdeas2026_JapaneseTranslation.pdf) - #### [Squareのバリュエーションモデル：CashAppの成長ポテンシャル](https://research.ark-invest.com/jpn/squareのバリュエーションモデルcashappの成長ポテンシャル) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2020/09/30 - #### [Cash App vs. Venmo](https://research.ark-invest.com/jpn/cash-app-vs-venmo) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2020/05/26 - #### [Squareのサービス、Cash Appは月間アクティブユーザー数がPayPalのサービス、Venmoを超えた可能性も](https://research.ark-invest.com/jpn/squareのサービス-cash-appは月間アクティブユーザー数がpaypalのサービス-venmoを超えた可能性も) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2019/11/15 - #### [Venmo (PayPal) vs. Cash App (Square) ～ 米人気金融サービスの徹底比較 ～](https://research.ark-invest.com/jpn/venmo-paypal-vs.-cash-app-square-米国で最も人気の個人向け金融サービスのデータをのぞき見-) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2019/11/12 - #### [インターネット検索件数が示すSquareのCash Appの普及拡大の推移](https://research.ark-invest.com/jpn/インターネット検索件数が示すsquareのcash-app) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2019/10/06 - #### [デジタルウォレット会社は銀行口座非保有層に銀行サービスを提供可能、従来の銀行には無理](https://research.ark-invest.com/jpn/デジタルウォレット会社は銀行口座非保有層に銀行サービスを提供可能-従来の銀行には無理) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2019/09/03 - #### [銀行支店はデジタルウォレットに屈するか？](https://research.ark-invest.com/jpn/銀行支店はデジタルウォレットに屈するか) by [Max Friedrich](https://research.ark-invest.com/jpn/author/max-friedrich) 2019/06/05 current\_page\_num+2: 3 - disabled [www.ark-invest.com](https://ark-invest.com) - [RESEARCH](https://ark-invest.com/research/) - [ADVISOR SERVICES](https://ark-invest.com/innovation-strategies) - [ABOUT ARK](https://ark-invest.com/about-ark) - [CONTACT](https://ark-invest.com/contact) - - - ©2026, ARK Investment Management LLC (“ARK”). All content is original and has been researched and produced by ARK unless otherwise stated. No part of ARK’s original content may be reproduced in any form, or referred to in any other publication, without the express written permission of ARK. The content is available for informational purposes only and is subject to change without notice. All statements made regarding companies or securities or other financial information on this site or any sites relating to ARK are strictly beliefs and points of view held by ARK or the third party making such statement and are not endorsements by ARK of any company or security or recommendations by ARK to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, [click here](https://ark-invest.com/wp-content/trades/ARK_Trades.pdf). It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, please see the Terms of Use for this site. - [Privacy Policy](https://ark-invest.com/privacy-policy) - [Terms of Use](https://ark-invest.com/terms-of-use)