EN: What Is a Digital Wallet and Why Do You Need One in 2021?
A digital wallet can help you keep track of payments and transfers for anywhere in the world (including cryptocurrency). Learn more benefits in this article.
Have you ever used a digital wallet? The chances are pretty good that you have, even if you didn’t know it.
Many international companies host a form of digital wallet like Apple, Google, Facebook, Samsung, and others. Most of their reasons for entering this industry are to get more of your personal data and enable you to buy more while getting more engaged with their products. Their goal doesn’t exactly lie with helping you make your money work for you, securing your assets, or protecting your privacy.
Though, many have been able to simplify and secure their daily finances using these wonderful tools. There’s a better digital wallet experience with greater security on the horizon and some of those are available now.
What is a digital wallet? How can you earn more on your savings from one? And can it be a multi-purpose one where you could use it for international money transfer, and even send/receive crypto?
What Is a Digital Wallet?
Not all digital wallets are created equally. A digital wallet is a digital ledger of money you’ve deposited with an organization. With a digital wallet, you have access to online markets using a secure “wallet” that holds a record of your payment methods.
Typically it works to puts a security buffer between a direct credit card purchase online and a vendor.
A digital wallet has registered your card in it and the wallet charges your card. After the card issuer approves your transaction the wallet provider then pays the merchant. The merchant never gets direct access to your card details.
Payment methods can be a credit or debit card or a bank account. Some wallets even incorporate cryptocurrency accounts like Bitcoin, those are called crypto wallets and are typically specific to cryptocurrencies.
How does this help you?
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The DuniaPay digital wallet is more than a simple digital wallet you can use to pay for lunch.
DuniaPay: The Next Generation
What’s makes DuniaPay the next generation?
DuniaPay is a full-fledged digital bank that offers cryptocurrency capabilities. All funds are deposited into a DuniaPay account and secured in accounts with our Banking Partners: Celo and Ecobank.
We give you an 8% interest savings rate, well above anyone else you could bank with. We can do this because we generate value with stablecoins and decentralized finance. You don’t need to know anything about trading because we do the work for you — just sit back and earn the annual interest with flexible payout periods.
Because the DuniaPay system works with blockchain technology, you know your money is secure, as well as your transactions.
DuniaPay works with FINTRAC and other regulators to protect you from fraud. We’re committed to strong KYC and AML compliance. Based in Burkina Faso, DuniaPay is also soon to expand into Côte d’Ivoire, Senegal, Mali, and Guinea as well.
How Do I Use DuniaPay?
Your wallet would require an initial deposit to get started with using any of the features.
Other than the incredibly simple and intuitive saving pools, there’s so much more the app has to offer. To make a payment you need to do is scan your merchant’s QR code, enter the amount to pay, validate, and the merchant receives their transaction confirmation. This is just the QR code side of the money transfer services which can be used for in-store payments, mobile money is also an option as bank connectivity is coming soon.
Use DuniaPay for Crypto transactions with Bitcoin, Ethereum, and CELO. Also enjoy 1xBet in Burkina Faso. You can also use DuniaPay for Airtime top-ups, and soon for online payments anywhere VISA is accepted, and bill payments for utilities.
Tomorrow’s Digital Wallet, Today
Not to be biased, but it’s a no-brainer that your next digital wallet should be DuniaPay. Digital wallets until now have been sufficient, but it’s a whole new world now. Especially after the coronavirus pandemic, physical money is quickly disappearing, decentralized finance is quickly taking over and you’re in the right spot to take full-advantage of innovative new financial tools that bring you closer to financial freedom.
Secure yourself with tools that use blockchain technology and earn the benefits without having to become an expert.
Download our app, available in Burkina Faso today to get started!
