Payment continues to represent a barrier to the widespread adoption of the sharing economy since many consumers feel uncomfortable exchanging cash or financial information with strangers. True or false?

The correct answer is False.

Explanation:

The term refers to businesses, online and offline platforms, and communities that allow users to share goods, services, or information. Instead of owning something, this consumption model focuses on the possibility of using what is needed.

For example: in almost all houses there is a drill, but it is usually used a few times a year. If it is made available to other people, it reduces the consumption of resources necessary to manufacture these tools. Of course, this principle can also be applied to cars, homes and even the media. Borrowing is the new way to consume, and the collaborative economy makes it much easier.

With the Internet the desire to share has been awakened. Wikipedia, for example, only works if users share their knowledge with other Internet users and create new content. However, the joint use of tangible and intangible goods did not really begin to gain importance until the arrival of smartphones and mobile data. Today, apps let you rent a car or bike in seconds or find an expert who is willing to share your knowledge or work.