1. Why have mobile/electronic payment systems in the U.S. such as Venmo and ApplePay lagged China in acceptance?
2. What is a digital currency? What is the primary difference between a currency like Bitcoin and one like Diem (the new name for Libra, a currency partially developed by Facebook and being issued in 2021).

Answer rating: 100% (QA)

Lagging Mobile Payments in the US Several factors contribute to the slower adoption of mobile payments in the US compared to China 1 Existing Infrastr... View the full answer