Tim Cook Quotes

The world needs another vehicle to get people to pay in cash.

Twitter was around communication and visualizing what was happening in the world in real-time. Square was allowing everyone to accept the form of payment people have in their pocket today, which is a credit card.

I don't carry cash often. I'm all about the plastic.

I am a person who goes out without a purse.

I don't have a wallet. I carry my driver's license and a couple of credit cards in my phone. That, and a money clip.

I spend my weekends with my Android phone in an elastic band that has tied to my Android phone my driver's license and my credit card. That's how I live. I'm not carrying a wallet anymore. Like, a wallet is a medieval item, right?

For a new payment product, you always have to ask, how much better is it than the current solution? So when we started Paypal, for eBay micro merchants, it was much better than getting the 7 to 10 days process of cashing a check in the mail. When you look at stores or physical worlds, places, a lot of these places are already set up to take cash or credit card. Apple Pay may be an incremental improvement, maybe a little bit better. But when you have something that's pretty good and you go to something that's perfect, sometimes it's very hard to drive adoption because the delta is not that big.

For people who use Google Wallet, the experience works.

I was fascinated by the fact that in Osaka, we saw people using their cell phones to pay for small goods.

I never have cash on me.

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

Cash is going to be killed. It will be nostalgia.

I don't tend to carry much cash around, as I use my bank card whenever I can.

The technology, called near-field communication, involves a microchip that can send and receive data across very short distances, about four inches. Instead of swiping a credit card, you hold your phone near a reader and let the data zip between the two devices.

The same way we can send and receive an email with anyone, anywhere, for free, or we can share a photo with anyone instantly for free, money will become these digital tokens, and we'll be able to do that with money.

I carry cards because I don't like cash.

More people are using PayPal more frequently.

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.

We're barely scratching the surface of how people experience and utilize p2p payments, despite it being a multi-millennium-old behavior.

An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality of services in response to changing technology and changing demand.

This is the thing that I think we're all learning from the Chinese: that this merging of messaging, media, and payments together really makes sense to people.

I think fiat currencies will become digital.

I think a lot of people have predicted the demise of cash, and they've frequently been wrong. But there's no question that the smartphone is leading to the digitization of money. You really now have all the power of a bank branch in the palm of your hand.

Venmo is one of the jewels of Paypal.