The Race To Redefine Your Checkout Experience

The Race To Redefine Your Checkout Experience

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the evolution of payment systems, focusing on the flexibility offered by 'buy now, pay later' options and their impact on consumers and merchants. It highlights the competitive landscape at checkout with various payment methods, including digital wallets and peer-to-peer options. The Apple Epic ruling's implications for payment systems are examined, emphasizing the importance of being central in the payment flow. The video also explores the potential of cryptocurrency, particularly Bitcoin, as a transformative open-source payment system, while acknowledging the risks and regulatory challenges involved.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Bitcoin serve as an open-source payment system for the Internet?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What historical significance does the Bank of North America hold in relation to modern payment systems?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of a rules-based payment system that transcends national boundaries?

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