One of the biggest problems about New Media is privacy and confidentiality. When people sign up for New Media websites such as Facebook, Snapchat, and Twitter they don't look into the terms and agreements. Essentially these websites are able to gather information about you and collect revenue from advertisers. The fact that they have a lot of information about millions of people makes New Media prone to hacking. Cyber security is a serious issue that can leave millions vulnerable. The latest hacking was of Equifax. The hackers were able to steal social security numbers and credit card numbers. If this was to happen to Social Medias, then users would have all of their private and confidential information exposed.
I believe the next new media will be a US government regulated digital currency. This does not currently exist. It will be something similar to Bitcoin. Bitcoin surpassing $10,000 shows that digital currency is in demand. Japan as a nation is already very accepting of digital currency. Japan is home to bitFlyer which is the world's largest market exchange for Bitcoin. Digital currency lowers transaction costs and makes payments at any time very appealing. Paper based currency as well as physical coins are being used less and less every year. According to creditcard.com, " In a 2016 survey, payment processor TSYS asked over 1,000 consumers which payment form they prefer. Forty percent chose credit cards, while 35 percent selected debit cards, and only 11 percent specified a preference for using cash."
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