Digital Money And Its Implications On Electronic Commerce

Digital money has been used to signify electronic payment mechanisms that will be used to make electronic commerce payments. These electronic payments have the potential for criminal activities and a possible cracking of encryption that is used to protect these online transactions. Privacy concerns as well as identity theft are also present. Whether or not digital money has a success rate is dependent on developing sufficient technology and whether or not consumers are able to be feel secure using this advancement

The following questions have been addressed in this article:

What about the practice of double spending and its potential for online fraud?
What about issues involving the use of security of encryption?


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