TravelersBox: the Solution for Leftover Change

TravelersBox: the Solution for Leftover Change

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses a kiosk system that allows travelers to deposit leftover foreign currency into online accounts like PayPal or iTunes. The idea originated from frequent travel experiences, leading to the creation of reverse ATM kiosks. The business faced initial challenges with airport agreements and regulatory issues. The revenue model includes charging a percentage of deposits and affiliations with brands. Future plans involve making the service fee-free and expanding through new funding and product development. The focus is on growth and partnerships rather than immediate exit strategies.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What future developments are planned for the service?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the long-term vision for the business regarding revenue and partnerships?

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