Question: Solve the Question Question 2 (15 Marks) a) Bitcoin and digital wallets are two distinct components within the broader payment ecosystem. How do they differ

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Solve the Question Question 2 (15 Marks) a) Bitcoin and digital wallets

Question 2 (15 Marks) a) Bitcoin and digital wallets are two distinct components within the broader payment ecosystem. How do they differ in their purpose and impact on incumbents, such as traditional financial institutions and payment systems? [8 marks] b) Figure 3.1 and 3.2 below illustrate the business models of a traditional digital wallet such as PayPal and M-Pesa. Discuss the key similarities and differences between traditional digital wallets such as PayPal and M-Pesa. Figure 3.1: PayPal's business model Figure 3.2: M-Pesa's business model

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