Mobile Payments Are a Way to Avoid Handling Cash, Says Square Co-Founder

Mobile Payments Are a Way to Avoid Handling Cash, Says Square Co-Founder

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of the coronavirus on cash usage and the shift towards mobile payments. Jim Mckelvey, co-founder of Square, talks about the adaptability of small businesses and the increase in loans to support them. He introduces the concept of the Innovation Stack, which helped Square survive competition from Amazon. The video also touches on changes in consumer behavior and work habits due to the pandemic. Finally, it comments on Bill Gates' decision to step down from Microsoft to focus on philanthropy.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do people have regarding cash transactions during the coronavirus pandemic?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of small businesses in the context of economic disruption mentioned in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How has consumer behavior shifted in response to the pandemic according to the discussion?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential long-term changes in work habits due to the pandemic as discussed?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the future of loans to small businesses?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'innovation stack' refer to in the context of the discussion?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do entrepreneurs play in shaping the future according to the speaker?

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OFF