They're kind of like online banks mixed with the stock market, only instead of checking accounts and brokers in expensive suits, you get
digital wallets backed by blockchain technology.
The announcement that
a digital wallet backed by American Express will be using Litecoin rather than Bitcoin - based smart contracts is already several days old.
Not exact matches
The coin itself was worthless of course, but the cryptographic private key printed on the
back, underneath a tamperproof holographic sticker, was linked to an anonymous
digital wallet holding 1.0 BTC.
Abra, a
digital wallet app
backed by American Express, is expanding on its use of Litecoin smart contracts to power its exchange services.
The new feature will enable users to transfer payments, issue red packets (红包 hongbao), pay
back credit card debt, and earn interest on their balances in the
digital wallet.
Gaming company Razer, which made its name selling high - end peripherals and gaming laptops, introduced its «zVault»
digital wallet and «zGold» rewards program for its gamers
back in March.
The cash
back deal may not work at all if you use a
digital or mobile
wallet, which can be a real problem for college students who want the convenience of paying for purchases through their iOS or Android device linked to their credit card.
If most supermarkets in your area now accept
digital wallet payments and you have a card that gives you cash
back on groceries, consider picking that card as your default.
For those first 12 months, you'll earn 1.8 percent
back on these
digital wallet purchases.
The addition puts WhatsApp into competition with other messaging services that already support payments, including the recently launched Tez from Google and Tencent -
backed Hike, for example, as well as
digital wallet platform Paytm, which expanded into messaging in order to take on WhatsApp more directly.
A crypto -
backed ETF would theoretically enable more traders to access
digital assets on the open market without having to rely on
digital exchanges or
wallet providers.
Built and
backed by the developers behind Ethereum, the Ethereum
Wallet is widely considered to be one of the most secure
digital wallets for storing ether.
The
digital currency exchange and
wallet service Coinbase, founded in 2012 and
backed by Silicon Valley investors, recently told shareholders that it booked $ 1 billion in revenue in 2017.
However some industry experts feel that this temporary phenomenon would be reversed soon as ex-users of Coinbase return
back to home frontier after storing their newly acquired Bitcoin cash in secured
digital wallets.
According to the CFTC, the Nevada - based startup company gave the illusion that it was promoting a gold -
backed coin for its
digital wallet.
Secure
Digital Currency
Wallet: accounts are
backed up on a recovery sheet.