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Reasons Why Virtual Wallets Are Secure And Popular

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Written by   215
1 month ago
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Carrying cash inside the pocket or wallet days are almost gone. New generation, including old generation accepting virtual wallet for ensuring the security of their money. This is a part of digitalization. These days youngsters even old people love to have virtual wallet and love to purchase products via the virtual wallet. Many of us carry visa or master card in our physical wallet but how much it is secured?

Our purse or physical wallet that we carry can be steal by thieves or pickpocketers, it can be lost and our phone also can be lost but still our money is more secured in virtual wallet. Our virtual wallet require our finger touch or finger print. It needs OTP for more security and there are some secured features added to virtual wallet so if ever our phone is lost, our money is still safe and we can replace the SIM card inside the phone we lost asap and our money will be safe there.

Beside virtual wallets of crypto currencies we also have virtual wallet of local currency and all these virtual wallet is secured with the PIN, Password and sometimes OTP code too. So we just need to keep our password and PIN save in our brain or in a secured place that no one can access it without our permission. Its true that hackers can hack but we don’t own as much money that hackers will pay attention and also our security system should be tight that no one can get access of it.

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Virtual cash is more secured like cryptocurrency but there are many people not yet familiar with it. Many countries not yet accept it because banks can be shutdown for having this virtual cash. So bank business can be hampered as crypto currencies not yet accepted in many countries. But banks are also offering their own apps ensuring Securities. We have virtual wallet of local currency that can be connected directly to our bank. Sounds really cool and very good part of digitalization.

Virtual wallet available in our mobile so we can access our money anytime, anywhere and this is the thing we like most about virtual wallet. Some virtual wallet offer different kind of discounts in purchase which is really very cool. Our virtual wallet is a complete package of financial trading or transaction. We can recharge our phones, pay online bills and make payments virtually just in a few clicks, pay for advance booking, can buy tickets online etc. It save a lots of time and energy. And it ensure the security of our money.

Our local virtual wallet also can be access without internet connection and we can use it dialing codes though features are limited without internet connection. Virtual wallet mostly an app that can be access directly from our phone or mobile and this made our life more easy and smart. Like mine there are many people love having virtual wallet in their smartphone and its fast and secure. To live a smart and faster life we should switch to virtual wallet and you will experience how it make your life easy and awesome.

Thanks For Reading!!!

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Written by   215
1 month ago
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Comments

Virtual wallet is just a huge relief to most people in terms of convenience, fastness and easy accessibility. I hope it come to stay finally.

$ 0.02
1 month ago

There are many advantages, but what about privacy? Crypto can be used in a private way, if you are careful, but virtual wallets otherwise monitor your every transaction - just as do credit cards. Is it cool to have your every purchase monitored and recorded?

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1 month ago

I agree my friend. Virtual wallets are more secured based on my observation and research that's why it's really a big advantage that we have a virtual wallets. I hope everyone knows about the cryptocurrency, in crypto world.

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1 month ago

It would be a bit crazy if all the cash disappeared and we only paid with our fingerprint or something like that hahaha, so they would steal our phones and not be able to take our money, although it would also be dangerous, because they would have to kidnap us or something if they want our money, so it would be more dangerous, I think....

Saying this and reading your article I remembered the movie "In Time", I don't know if you have seen them, I don't really remember it much, I saw it years ago, but I remember that the way to pay for things was with the time of your life, you get paid with time, you buy things with time, you bet time, etc., it's pretty crazy, but it's usually like that, when we work we earn money and experience, but we waste time, it would be nice to also earn that time we spend at work, don't you think so?

Oh, I've gone a bit off topic, sorry, it's 4:00am and I can't sleep.

I hope virtual wallets continue to be as safe as they are and that little by little they can increase their security from the "bad" people who want our money, effort and time. Have a nice day my friend!

$ 0.02
1 month ago

Kidnap us, or cut off a finger :)

$ 0.00
1 month ago

Something like that hahaha

$ 0.00
1 month ago

Because virtual wallet could carry out transaction in seconds while banks needs to wait a week for international bank wire to be done. Time is money.

$ 0.02
1 month ago

Hope we can use virtual wallets safely and soon crypto will be legal. But in our country, there is a possibility of arrest if I say something about Bitcoin in public places. 😅

$ 0.02
1 month ago

Wao! Sorry to hear about that. Which country is that?

$ 0.00
1 month ago

Digital currency and virtual wallets giving new dimension to financial services & Usage. We are safer and secure more then else. Robbery , frauds, fake currency , thefting and damage of currency are minimizing now .

$ 0.02
1 month ago