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Which of the following can be used to make electronic transactions while purchasing items online with a computer or using a smartphone to purchase something at a store?
  • a)
    blockchain
  • b)
    digital wallet
  • c)
    cheque payment
  • d)
    cash payment
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Which of the following can be used to make electronic transactions whi...
A digital wallet has both a software and information component. Secure and fair electronic payment systems are an important issue. The software provides security and encryption for personal information and for the actual transaction. Typically, digital wallets are stored on the client side and are easily self-maintained and fully compatible with most e-commerce Web sites.
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Which of the following can be used to make electronic transactions while purchasing items online with a computer or using a smartphone to purchase something at a store?a)blockchainb)digital walletc)cheque paymentd)cash paymentCorrect answer is option 'B'. Can you explain this answer?
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