![]() ![]() Online banking, also known as internet banking or web banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. A crypto currency wallet is a digital wallet where private keys are stored for crypto currencies like bitcoin. The system has already gained popularity in Japan, where digital wallets are known as "wallet mobiles". For example, a digital wallet could verify the age of the buyer to the store while purchasing alcohol. Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credentials. The credentials can be passed to a merchant's terminal wirelessly via near field communication (NFC). Users might also have their driver's license, health card, loyalty card(s) and other ID documents stored within the wallet. ![]() ![]() Money can be deposited in the digital wallet prior to any transactions or, in other cases an individual's bank account can be linked to the digital wallet. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. A digital wallet also known as "e-Wallet" refers to an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services.
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