Term
Digital Wallet
A digital wallet as the name suggests is a service where 2 parties can make digital transactions using digital currencies. The wallet can be a part of a platform that provides a digital wallet service to purchase goods and services across platforms or other offline stores with QR codes.
Another application of Digital Wallet is used as an independent software program where it has its own digital currency which can yield profit with an increase in value due to increased trade. There are also digital wallet applications that are employed by users to make bill payments and earn rewards or benefits that are initiated as marketing campaigns by different brands.
