Explain electronic wallets and the itm

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Explain Electronic wallets and the ITM

1. Explain what electronic wallets are and how they can be useful to consumers. Also, outline reasons why a consumer who owns a credit card would want to use an electronic payment system, such as PayPal, for an Internet transaction.

2. In the United States, a law called the Internet Tax Moratorium (ITM) has been enacted and renewed several times. The purpose of the ITM is to prevent federal, state, or local governments from enacting any new taxes on Internet business activity. Use your favorite search engine to learn more about the ITM. In 150 to 200 words, critically evaluate the rationale behind the law and take a position on whether the law should be renewed again.

Reference no: EM1329533

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