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Digital wallet

What is a digital wallet?

A digital wallet is a system that securely stores users' payment information and passwords for numerous payment methods and websites. Essentially, it's a digital version of a physical wallet that allows you to complete transactions electronically.

A digital wallet can be accessed through various devices like a smartphone or a computer. These wallets are typically encrypted, meaning they use complex algorithms to secure your information. They're particularly useful in the e-commerce space, enabling quick and seamless transactions for consumers. Some popular digital wallets include PayPal, Google Pay, and Apple Pay.

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