We are in a digitalized generation where we value our conveniences in anything we are doing more than anything else. We prefer using machine which is a device that makes work easier to do virtually everything we do daily. All we need to do to shop globally is to have a device that can connect to online stores and payment card that we will use to pay for the products. I can decide to buy stuff on Amazon and Alibaba and it will be deliver to me here in Lagos Nigeria. I have even done this so many times before. In this age, the whole world is embracing cashless economy and all we need to shop and make payments for services is our debit or credit cards, mobile banking app etc. If we are of this opinion that all these innovative ideas makes our lives more easier, then there's a need for us to do more findings on digital wallet which brings easiness in payment to a new level of simplicity. In the next paragraph, I will give explanation about digital wallet and why it will soon be the standard of payment.
What's Digital Wallet all about?
Digital wallet can be refer to an online account that can be used to make payments online. The wallet is able to store personal data of its users and it can link their bank accounts for more faster transactions execution. All you need to have is a smartphone which you will be able to use to access it either through mobile app or browser and with this, you will be able to initiate and conduct transactions anywhere once you are connected to the internet.
Why Digital Wallet Become a Standard of Payments?
The reason why many today will prefer using digital wallet to make payments is because of the easiness that comes with it and below are some of the reasons why it will soon become the standard of payments.
It saves time and resource that one will need to transfer or receive money from anyone who is far from you.
One can buy products easily and make payments with it on many ecommerce platforms like Amazon, Alibaba, eBay and so on.
Bills payments made easy.
One can easily perform queries on his account balance for better control of account fluctuations and spending.
Couple with the advancement of blockchain technology, the emergence of crypto wallets is an expected reality which can also works as fiat digital wallet. They are also a software that allows anyone to store and receive crypto assets like BTC, ETH and many others. There are wallet that supports multiple crypto assets and there are some that only supports few cryptos. The security of most of wallet will be through its private key which is a personal property of the wallet users. Private key is a long hexadecimal codes that connects devices to crypto wallet and before anyone can access the assets in the wallet, the private key must match the public key and the disadvantage of this is that you will lose your assets if you don't have access to your private key and there's nothing anyone can do to it. Currently, there is abundant of crypto wallets in the market but XCARD which is a product of Mobilum is best wallet in the market.
What is XCARD?
XCARD is an all-in-one crypto wallet which is one of the core products of Mobilum company widely known as a reliable fintech company. The wallet is equipped with amazing features like multi assets compatibility and debit, credit and prepaid card compatibility. It has created a niche for itself as an innovative digital wallet to store, instant settlement and keeping of assets secured and safe without any limitation. The platform will soon start their fundraising through IEO for the sales of their MBM tokens which will power all operations within the wallet.
Can XCARD Become a Perfect Crypto Wallet, Let's Find Out?
As a start, unlike other crypto wallets, XCARD wallet supports both crypto and fiat currencies and this make it very easy for users to exchange their fiat to crypto or crypto-to-fiat in real time.
Users of the wallet can feel the assurance of the safety of their assets because their funds will be kept in a multi-signature and cold-storage wallet and the owner of the wallet will be the only one that can have access to the assets in it.
The wallet is in full compliant to anti money laundering and this is the reason why everyone user must pass KYC/AML verification before they can make use of the wallet services.
The wallet can be regarded as an innovative digital banking platform that supports both fiat and crypto but what makes it better than normal bank is that you only need some minutes to complete your registration process in it.
The platform will also offer additional exciting services for their users through the wallet and one of it is lending. This means that a user can use his crypto assets as a collateral to obtain loan within the platform and also a crypto assets holder can decide to lend his assets to others and later get it back.
There's also a feature of atomic swapping in the wallet and with this feature, users don't need to go through third-party exchanges before they can exchange crypto assets with each other. During the exchange process, users will have full ownership over there private keys. XCard also go beyond mere peer-to-peer atomic swap for the exchange of crypto assets. They do this by partnering with top exchanges, brokers and they also own a pools with the aim of offering better liquidity and price for their users.
XCARD as a multi-assets digital wallet supports more than 200 cryptocurrencies which will include many platform coins and tokens.
Another innovative feature of XCard which cannot be found in any crypto wallet is the issuance of their own visa supported credit card aside from the crypto wallet app thereby making an innovative and comprehensive payment ecosystem.
Last but not the least of XCard features that makes it to be a perfect crypto wallet is the feature of biometric built with the card that makes it possible for users to access their wallet without the internet and with it you can spend money either you are online or offline, this is absolutely amazing!
Conclusion
As the crypto industry continues to advance and the emergence of many crypto wallets in the market, XCARD with all its amazing features created a niche for itself as a must have wallet for crypto enthusiasts and those who are not even into crypto. Furthermore, it also makes it easy for those who doesn't know much about crypto to buy their first crypto easily and this is possible because the wallet can be connected to normal credit and debit cards. As the team of the project continues to make research, initiating and developing partnerships with top brands in blockchain industry and conventional industry like Visa, there is an assurance that sooner or later will be the most popular and widely used crypto wallet.
Useful Links
Website: http://xcard.io/
Whitepaper: http://xcard.io/static/XCard-Whitepaper-21082019.pdf
Telegram: https://t.me/mobilumcom
Twitter: https://twitter.com/xcardbymobilum
Facebook: http://www.facebook.com/mobilumcom