• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation
The Future of the Digital Wallet
Advertisement

The Future of the Digital Wallet

Bitcoinist by Bitcoinist
5 years ago
in Sponsored Article, Altcoin News, Bitcoin, News, News teaser
0
Advertisement

The origins of the digital wallet cannot be pinned down exactly. All we know is that the idea had actually circulated around in the late 90’s, but few utilized it. A couple of entrepreneurial companies such as eBay came up with early e-payment programs – but they failed due to poor publicity.


We would come to know this as the era of the first generation of digital wallets. Fast forward two decades and a technological revolution later, and we are currently in the third generation of digital wallets. And as they say, the third time’s the charm.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Unlike the first generation of digital wallets, the second generation actually had a substantial number of backers that commanded authority in the financial sphere, such as MasterCard and Visa. However, there was one large issue with this generation of digital wallet services, and that was the lack of simplification and integration of the solutions.

For example, the MasterCard wallet would only work with MasterCard, the Visa wallet would only work with Visa, and so on and so forth. Convenience then became an issue, because none of these solutions let you store ALL your credit card information in one place. Ultimately, it became troublesome to use them, a glaring complication in a generation in which everything is available one click away.

The third generation of digital wallets fixes this complication, and its arrival was received with much fanfare and welcoming arms. Essentially, they are secure systems that store payment information from as many credit cards as you own, as well as multiple passwords for a range of exchanges and websites you engage with. They are designed to hold cryptocurrency the way physical wallets are designed to hold physical currency. They can be accessed conveniently from a PC or smartphone.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

So with the advent of blockchain and a new generation of e-payment, what exactly is the future of the digital wallet? What can we be looking forward to in the upcoming years?

What we can be looking forward to is the integration of multiple services, all on a single platform.

Several projects have succeeded massively in doing so. Such examples would be the renowned AliPay in China or PayTM in India, both densely populated and influential countries in the fintech sector. The undeniable fact is that cryptocurrency is slowly mainstreaming, and will be used for daily transactions among common folk. Other parts of Asia such as Korea and Singapore are quickly catching up with the current cryptocurrency craze as well; a number of new projects and start-ups in Korea and Singapore are set to launch this year.

“It’s interesting, the way money has evolved from the barter system to the monetary system, and now to the digital system,” points out Deng Guangyuan, the founder of SGPay, creator of a 3rd generation digital wallet with several built-in innovative and integrative services. “I believe that the future of the digital wallet is now. It is up to us to come up with inventive ideas that make use of this system fully and with purpose.”

The company aims to raise 4.8 million USD through an initial coin offering (ICO) for the SGPay Token that spans the course of February. SGPay is an ambitious project primed to launch an all-in-one digital wallet by June 2018. It is, admittedly, one of the most exciting new projects based in Southeast Asia to come out this year. To learn more about the project and get involved in its ICO, visit http://www.sgpay.org.

Would you use an all-in-one e-wallet platform like SGPay? What are the benefits of such a platform? Are there any drawbacks? Let us know in the comments below.


Images courtesy of SGPay, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Bitcoin

Bitcoin Under $27,000 As Short-Term Holders Lock In Highest Profits Since Nov. 2021

6 hours ago
Crypto.Com Became The10th Largest BONE Holder

Crypto.Com Became The10th Largest BONE Holder

8 hours ago
5 Best Upcoming ICO List of March 2023

5 Best Upcoming ICO List of March 2023

10 hours ago
Crypto Investment for Long term: 3 Coins to keep your eye on

Crypto Investment for Long term: 3 Coins to keep your eye on

10 hours ago
Cryptocurrency to invest in March 2023

Cryptocurrency to invest in March 2023

10 hours ago
crypto bitcoin greed

Crypto Investor Sentiment Returns To Bitcoin All-Time High Levels

11 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • ScalingX and Buidlbox Partner to Host “The Hunt for...

    9 hours ago
  • Chirpley Spreads its Wings to Silicon Valley through...

    11 hours ago
  • Top 5 Cryptos To Surge 30x In The Upcoming Bull Market 2023

    14 hours ago
  • The bank Collapse shows the world the significance of...

    17 hours ago
  • SingularityNET (AGIX), dYdX (DYDX) and TMS Network (TMSN)...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.