There are limitations…
// Posted by Kindall on 05/30/2015 (12:19 PM)
Our fears of online privacy breaching is known across the board. There is even an organization in place that works to create operating rules and regulations for automated billing. It is known as the NACHA- The Electronic Payments Association, and it is a not-for-profit trade association.
The purpose of NACHA is to regulate and monitor electronic payments as a part of trade commerce. While there may be few limitations for e-billing, it puts my mind at ease some that an agency exists to create rules for corporations and companies online involvement.
With things like Bitcoin (digital currency), the world is changing around us. I cannot tell you how many times I’ve been told I “should really enroll in Apple Pay”. No one controls Bitcoin, the currency is produced by individuals and businesses. I won’t pretend to understand exactly how it works, and all explanations I found where a little over my head… but the idea does seem revolutionary when you consider things like Blockchain which assigns a unique identity to a piece of data.
It is, essentially, the gold standard to the dollar… but for Bitcoin currency. It ensures secure communication where the data sent and received cannot be replicated or copied. The information is not retained so it cant be passed along to other companies or copied.
If you send someone a Bitcoin, they cannot retain it, and you receive confirmation and peace of mind knowing that your original message cannot be copied and kept.
While the internet may be a scary place for some people, technology can also be manipulated to protect your privacy and secure your personal information.