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⍰ ASK What impact did the dot-com boom have on the development of electronic payment institutions in the United States?

The dot-com boom, happening in the late 1990s and early 2000s, really changed how electronic payment systems grew in the United States. This led to the creation of new electronic payment companies and the growth of existing ones to meet the demands of the growing digital economy.

During the dot-com boom, exciting new payment technologies and services were developed. Fintech companies used the internet to come up with innovative ways for electronic payments, going beyond traditional banking.

The dot-com boom also pushed for more investments in technology and cybersecurity, making electronic payments more secure. This time was a big change, shaping how electronic payments work and setting the foundation for more improvements in the industry.
 

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