How technology is increasing digital currency and payment options

How technology is increasing digital currency and payment options

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video explores the evolution of payment methods from ancient coins to modern digital platforms. It highlights the role of social media and mobile apps in facilitating transactions, with Jack Dorsey and Square leading innovations. The introduction of Paym allows instant transfers, contrasting traditional banking delays. The potential of digital currencies like Bitcoin is discussed, emphasizing a shift towards decentralized financial systems that bypass traditional banks and governments.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some modern platforms mentioned that allow sending money?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the method of payment changed for Wayne Fennell?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the text suggest that digital payments could evolve?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of Bitcoin in the context of payments?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What comparison is made between Bitcoin and email in the text?

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