Bitcoin: The Futuristic Cryptocurrency for E-commerce Remittances
Bitcoin network of decentralized payment transactions has attracted a lot of attention among e-commerce users. It uses peer to peer payment network involving practically negligible cost with no involvement of third party or financial institution in the payment transaction which was not inherently present in any ecommerce transaction. Bitcoin can be explored as futuristic virtual currency in e-commerce transactions if the risk involved is managed efficiently. Present paper explores the functioning and emerging issues and challenges involved in bitcoin. It is a great technological innovation that is yet to be accepted globally as a crypto form of currency.