The Price of a Pandemic: The Coffee Shop

What do you miss most about your favorite coffee shop? During this pandemic, coffee shops have had to adapt to make pick up and ordering ahead easy for customers. A company called Cloosiv is changing the game for everyone who isn't a Starbucks. How can a digital payments company help the coffee shop industry survive in a post COVID world?

Listen Us On

We all miss our favorite coffee shops. It's part of our routine. It's habitual. Coffee, or any caffeinated drink, also happens to be addictive. So how are coffee shops surviving during this pandemic? This pandemic has highlighted our need for convenience and minimal touching. With one click, we have our favorite drink ready for pick up, without the need to touch anything! This is the future of digital payments that we've seen work really well in countries like China.

In today's episode, we learn about the coffee shop business and how they relate to the evolution of digital payments. We sit down with Tim Griffin, founder of Cloosiv, a payment platform focused on coffee shops. We learn:

-Why the US is behind in digital payments in comparison to China.

-How Starbucks created one of the most used payments app.

-How the coffee shop business works, and how they're adapting during COVID. Why contactless payments are the future.

This is our last episode of the season, but we'll be returning soon after a short break. Thank you to all our guests from this season for participating. Thank you to Olivia Briley for producing and to Maia Tarrel for editing the podcast. Thanks to my wife for doing all our pre-rolls and editing these notes. Thank you to our listeners, for sticking with us and giving us your time. Stay safe out there.

Other Podcast Episodes

Season 3
Jan 20, 2021
14 mins
Bonus: The Future of Live Music with Ben Lovett of Mumford & Sons

Ben Lovett of Mumford and Sons talks to us about venue business.

Play Episode
Season 3
Jan 13, 2021
48 mins
Live from the Living Room

Venues are shuttered. Roadies and crew are scrambling. Musicians are streaming from home. The pandemic’s done a number on live music, and this billion dollar industry is hanging on by a thread.

Play Episode
Season 1
Nov 11, 2019
40 mins
A Table For Two, Please?

A deep dive into the business of restaurants.

Play Episode

Talk Money Weekly

A weekly curation of all the best money topics from Twitter, podcasts, and other platforms. Talk Money’s best lessons are made even easier to digest!

Thank you! Your submission has been received!
Oops! Something went wrong.
Listen to the Podcast