What is an electronic wallet? from AlanWeb's blog

An electronic wallet is an account in an electronic payment system, a kind of analogue of a bank account. 


You can access the site of such a system from your computer, or from your smartphone, by installing a mobile app. The system displays how much electronic money you have. This money can be withdrawn from the e-wallet to a bank card or in cash, or deposited from a bank card or in cash through terminals.


Why do I need an electronic wallet?


With the development of the bank card market in Europe, online banking, the growth of terminals in shops, the relevance of e-wallets has decreased slightly recently, but they still have advantages.


Security


Electronic payment systems themselves say that their system is convenient because there is no need to disclose your card data to the third parties.


It is safer to use an e-wallet for online purchases than to pay by card. And when you pay with an e-wallet you don"t have to enter your details.


Where can I get a wallet?


Creating an e-wallet https://askwallet.io/mercuryo

 is easy enough. You need to choose an electronic payment system, go to its website or download a mobile app and register there by entering your personal details. You will also need to go through a verification procedure: you will be asked to upload a photo of your ID and a picture of you with your ID.


In other words, you will not be able to remain fully anonymous to use your wallet fully - your passport data will be stored in the system.




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By AlanWeb
Added Jul 29 '22

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