A digital wallet is a software program or hardware device that stores encrypted currency. In form, it is similar to an online bank account, and it also has a customer ID, account number, and password; the password of a digital wallet is a “private key”, and only through it can you Open and operate the wallet, the digital wallet has the functions of “receipt” and “transfer”; just like depositing and withdrawing money with a bank card, you need the card number and password to deposit and withdraw safely; the digital wallet does not save money, but saves relevant information Information about your digital currency or digital assets such as Bitcoin and Ethereum; a digital wallet is a software that allows users to pay for goods online, it stores credit card numbers and other personal information such as shipping addresses, once the data is entered, The data will be automatically transferred to the ordering domain of the merchant website.
When using digital wallets, when consumers purchase goods, they do not need to fill out the order form on each website, because the information is already stored and automatically updated, and entered into the ordering domain of the manufacturer’s website; consumers can also benefit from using digital wallets , because their information is encrypted, i.e. protected by private software codes, businesses are protected from being scammed, protected and benefit from it; for consumers, digital wallets are free and easily accessible.