Abstract
Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first group, whereas digital wallets can operate without internet connection belong to the second group. Prior to buying a digital wallet, it is important to define for what purpose it will be utilized. The ease with which a mobile phone transaction may be completed in a couple of seconds and the speed with which transactions are executed are reflection of efficiency. One of the most important elements of digital wallets is data organization. Digital wallets are significantly less expensive than classic methods of transaction, which entails various charges and fees. Constantly, demand for their usage is growing due to speed, security, and the ability to conduct transactions between two users without the need of a third party. As the popularity of digital currency wallets grows, the number of security concerns impacting them increases significantly. The current status of digital wallets on the market, as well as the options for an efficient solution for obtaining and utilizing digital wallets. Finally, the digital wallets’ security and future improvement prospects are discussed in this chapter.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
