“Digital-wallet” is a term that’s been spread around and heard by many but not many understand what exactly a digital-wallet is. As they try to make their way into the mainstream it’ll be heard even more over time so the more knowledge on digital-wallets, the better.
As technology grows so does the economy. Before cash was used coins were the best form of currency to use when making transactions. Now cards and cryptocurrencies seem to be taking over the way of paying someone. As all of this expands into new territory digital-wallets become more valuable by giving the user less hassle of dealing with physical cards, papers, etc being in their wallet. Digital-wallets are said to be able to protect the user’s whole wallet all while making transactions more simple too.
PSI Pay is being currently being used in Europe allowing for users to not only make faster transactions but convert currencies on the fly. PSI Pay allows the user to put funds into their digital-wallet from their cards, PayPal, bank transfers, and more if they’re part of Kerv. This gives an open path for users to have direct access to everything they may need when dealing with a transaction. One of the only downsides of a digital-wallet, like the one PSI Pay offers, is that they’re not protected by banks in any way so having a large sum of money in the wallet at one time and then having it get lost some way could lead to a mess of problems. This is what makes the protection offered by PSI Pay and other digital-wallets so valuable though. Having the crypto protection allows for the user to not even have to worry about money being lost or stolen in the first place.
With a whole new form of currency and wallets underway seeing how the tech and economy handle the changes will be seen in time. As far as digital-wallets go PSI Pay seems to be leading the way.