Strategy question

How would you define a product strategy for designing a smart shoe?

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What this question tests

Strategic thinking for a hardware-adjacent product: connecting a new device category to a company's existing core business.

How to approach it

  1. Clarify why PayPal specifically: identify how a smart shoe connects to payments, such as wearable tap-to-pay.
  2. Identify the target user: fitness-focused consumers who want frictionless small payments on the go.
  3. Define the core value proposition: pay for transit, coffee, or gym access without pulling out a phone or wallet.
  4. Address feasibility: hardware partnerships with shoe manufacturers versus PayPal building hardware itself.
  5. Define success as adoption rate among fitness users and transaction volume through the wearable.

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