Is bitcoin a good payment system?
Could you elaborate on the merits and drawbacks of Bitcoin as a payment system? While it's often touted as a groundbreaking technology, what specific features or aspects of it make it an attractive choice for payments? Additionally, what are some potential challenges or limitations that businesses and individuals might encounter when using Bitcoin for transactions? It's crucial to understand both sides of the coin to make an informed decision on whether Bitcoin is indeed a good payment system.
What is eCash payment system?
Could you elaborate on what the eCash payment system entails? I'm particularly curious about its core functions and how it differs from traditional payment methods. Does it operate on a blockchain? If so, how does it ensure secure and efficient transactions? Additionally, how accessible is it for both merchants and consumers? Lastly, what are some of the key advantages of using eCash compared to other digital payment solutions? Your insights would be greatly appreciated.