E-Signatures, also known as digital signatures, are a type of technology used to authenticate and secure digital documents. An e-signature is an electronic representation of a person’s signature or other mark that can be used to sign contracts, agreements and other documents online.
The use of e-signatures has become increasingly popular in recent years as businesses move away from using paper based processes towards more efficient digital methods. The primary benefit of using e-signatures is that it gives the parties involved assurance that the document being signed is authentic and legally binding. This reduces costs associated with printing, scanning, faxing or mailing hard copies for signing. Additionally, since all transactions are stored electronically it makes them easier to track and manage over time.
In order for an e-signature to be valid under most laws around the world it must meet certain criteria such as:
– It must identify the person signing the document;
– It must show approval by the signer;
– It must demonstrate intent on behalf of both parties;
– It cannot be altered after signature without leaving a traceable record;
– And its origin must be verifiable by either party (i.e., buyer/seller).
Cryptocurrencies utilize public key cryptography to enable users to securely send funds between each other without having to go through third parties like banks or credit card companies. As part of this process users need some method of verifying their identity before they can transact with one another – this is where e-signatures come in handy! By integrating an E Sig solution into your cryptocurrency wallet you’ll ensure that only authorized individuals are able to access your funds while keeping your data secure at all times.
