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| Name | Stripe co-founder John Collison on credit business |
| Video Uploader | Video From CNBC Television |
| Upload Date | This Video Uploaded At 16-06-2020 17:08:22 |
| Video Discription | In an interview with "Squawk Box"'s Andrew Ross Sorkin, Stripe co-founder and President John Collison speaks about the Silicon Valley start-up's lending product. Stripe is ranked No. 1 on CNBC's 2020 Disruptor list. The Covid pandemic has upended the world’s economy. But for Stripe and the digital economy, the virus was somewhat of an opportunity: Shelter-in-place and social distancing measures sparked a shift to online commerce that otherwise would have taken years. “There has been a very sharp move from the offline economy to the online economy,” John Collison, co-founder and president of Stripe, told CNBC’s “Squawk Box” in an interview this week. “We’re seeing the creation of new businesses, or businesses that previously traded solely offline, starting to move online.” San Francisco-based Stripe makes software that lets businesses accept payments online, with the mission of “increasing the GDP of the internet.” Stripe’s payments software brought in early investments from PayPal alumni Peter Thiel and Elon Musk. Its valuation has soared to $36 billion, with Stripe topping the list of Silicon Valley’s most valuable companies. On Tuesday the company snared the top spot on CNBC’s 2020 Disruptor 50 list. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV |
| Category | News & Politics |
| Tags | Squawk Box U.S. | CNBC | business news | finance stock | stock market | news channel | news station | breaking news | us news | world news | cable | cable news | finance news | money | money tips | financial news | stock market news | stocks |
