Square's Cash App Could Turn into a 'Super App' Like Alipay: BTIG

Square's Cash App Could Turn into a 'Super App' Like Alipay: BTIG

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the role of Bitcoin in attracting users to Cash App, highlighting its limited direct revenue impact but significant user acquisition potential. It explores Cash App's role in serving the unbanked and underbanked, especially during the CARES Act stimulus distribution. The discussion extends to the broader implications of blockchain and cryptocurrency for financial inclusion, noting the potential for digital currencies to transform banking. The rise of digital payment apps like Cash App and PayPal is examined, with a focus on their impact on traditional banks and the potential for partnerships in the evolving financial landscape.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary benefit of Bitcoin for platforms like Cash App?

Reducing transaction fees

Enhancing security

User acquisition

Direct revenue generation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Cash App help the unbanked and underbanked?

By offering loans with low interest rates

By providing free financial advice

By providing quick access to stimulus checks

By offering high-interest savings accounts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does blockchain technology play for the unbanked?

It reduces the need for credit scores

It provides high-interest savings accounts

It offers a place to store money without a traditional bank

It offers free international transfers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant change occurred in 2020 regarding digital payments?

A decline in digital payment adoption

A massive acceleration in digital payment adoption

The introduction of new physical currencies

A decrease in online shopping

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is rolling out a central bank digital currency in preparation for the 2022 Olympic Games?

India

China

Germany

United States

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected relationship between traditional banks and fintech apps?

Partnerships

No interaction

Complete disintermediation

Hostile takeovers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact of apps like Cash App on traditional banks?

They may take customers away from traditional banks

They will only affect small banks

They will lead to the complete closure of banks

They will have no impact