In today’s world, technology has transformed most business activities by introducing new strategies for making payments. These methods are PayPal, M-Pesa, Google Wallet, Alipay, Tenpay, Apple Pay, Venmo, and BitPay. Beyond these payment systems, the digital currency has also taken the space by allowing a faster, more flexible, and more strategic way of making transactions. Bitcoin is a well-known digital currency that relies on the internet for transaction processes. The summary about bitcoin will inform its usefulness to accountants and how this technology addresses web security and privacy concerns
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