Which of the following is a characteristic of a digital wallet in e-commerce?Group of answer choicesIt requires physical currency for transactionsIt stores sensitive payment information securelyIt is only accessible via desktop computersIt has limited compatibility with e-commerce platforms
Question
Which of the following is a characteristic of a digital wallet in e-commerce?Group of answer choicesIt requires physical currency for transactionsIt stores sensitive payment information securelyIt is only accessible via desktop computersIt has limited compatibility with e-commerce platforms
Solution
The characteristic of a digital wallet in e-commerce is that it stores sensitive payment information securely. Digital wallets are designed to securely store the user's payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly, as they no longer have to enter their payment details each time.
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