Security risks
Smartphone-based payment system
$4.00
Does having a smartphone-based payment system entail more or fewer security risks than carrying a traditional wallet, and why?
Can bitcoin be the currency used in a negotiable instrument? Why or why not? Please refer to Forbes article “Business Bitcoin Legitimacy, Potential Regulation (Links to an external site.)”.
Part 2
How is a security interest created and how is it perfected? Provide an example. If you are the creditor, what is difference between having a perfected security interest and an unperfected interest? What is a “reorganization” bankruptcy and how is it different than an “ordinary” bankruptcy? Give examples of each.