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

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.

What is one reason people are shifting from cash to digital payments during the pandemic?

• People fear cash might transmit the virus.

• Digital payments offer better rewards.

• Digital payments are faster.

• Cash is more convenient.

How has consumer behavior changed due to the pandemic according to Jim Mckelvey?

• Decrease in online shopping.

• More people working from home.

• Increased in-store shopping.

• More reliance on cash transactions.

What is Jim Mckelvey's view on the loans given to small businesses by Square?

• He plans to reduce them.

• He is worried about their repayment.

• He believes they are beneficial.

• He thinks they are unnecessary.

What is the 'Innovation Stack' according to Jim Mckelvey?

• A financial strategy for startups.

• A collection of inventions that help companies survive.

• A series of business failures.

• A marketing technique for large corporations.

Why is Bill Gates stepping down from Microsoft's board?

• To start a new company.

• To focus on philanthropy.

• To join another tech company.

• To retire completely.