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    Mobile wallets allow users to store payment information like credit cards, debit cards, and gift cards digitally on their smart device to make purchases. There are three main types of mobile wallets - open wallets which can be used anywhere, semi-closed wallets which can be used for some retailers, and closed wallets only for a specific retailer. Cryptocurrency is a digital currency that can be exchanged for goods and services online, with some like Monero focused on anonymity while others like Polkadot aim to connect blockchains. Credit cards allow borrowing from the issuing bank while debit cards deduct funds directly from the linked bank account.

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    Mobile wallets allow users to store payment information like credit cards, debit cards, and gift cards digitally on their smart device to make purchases. There are three main types of mobile wallets - open wallets which can be used anywhere, semi-closed wallets which can be used for some retailers, and closed wallets only for a specific retailer. Cryptocurrency is a digital currency that can be exchanged for goods and services online, with some like Monero focused on anonymity while others like Polkadot aim to connect blockchains. Credit cards allow borrowing from the issuing bank while debit cards deduct funds directly from the linked bank account.

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    83 views1 page

    Cashless Payments Infographic

    Uploaded by

    api-579172225
    Mobile wallets allow users to store payment information like credit cards, debit cards, and gift cards digitally on their smart device to make purchases. There are three main types of mobile wallets - open wallets which can be used anywhere, semi-closed wallets which can be used for some retailers, and closed wallets only for a specific retailer. Cryptocurrency is a digital currency that can be exchanged for goods and services online, with some like Monero focused on anonymity while others like Polkadot aim to connect blockchains. Credit cards allow borrowing from the issuing bank while debit cards deduct funds directly from the linked bank account.

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    © All Rights Reserved
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    of 1

    Cashless Payment

    Infographic
    EMILY MULLIS

    A mobile wallet is a digital


    way to store credit, debit,
    MOBILE ID, and gift cards so that
    purchases can be made
    WALLETS using a mobile smart
    device rather than a
    physical card.

    Open Wallets Semi-Closed Wallets Closed Wallets


    Used directly by a bank or Used to buy goods and Used exclusively for
    third party services products from a specific
    Paypal is an example of an PayU is an example of company
    open wallet. a semi-closed wallet Amazon Pay is an example
    Paypal stores credit Has alternate of a closed wallet
    cards, sends and payments to reach Amazon Pay lets you
    receives money makes the entire market make purchases using
    in-store purchases. Allows local debit your Amazon account.
    Does not require the and credit cards Personal Information is
    vendor to see card already on the account
    information

    Cryptocurrency is a form
    of payment that can be
    CRYPTOCURRENCY exchanged online for
    goods and services.

    Dogecoin (DOGE) Monero (XMR) Polkadot (DOT)


    Created by Billy Markus and Created by seven people, Created by Gavin Wood,
    Jackson Palmer, in 2013 including Riccardo Spagni, 2016
    DOGE is a peer-to-peer, in 2014 A network protocol that
    open-source Offers a high level of allows arbitrary data.
    cryptocurrency. It is anonymity for users and Not just tokens to be
    considered an altcoin and their transactions transferred across
    an almost sarcastic meme Characterized as a more blockchains.
    coin. anonymous or privacy-
    oriented digital cash.

    Credit cards are issued by a financial


    CREDIT institution, typically a bank, and it
    enables the cardholder to borrow
    VS funds from that institution.
    Debit cards are payment cards that
    DEBIT deduct money directly from a
    consumer’s checking account when
    used

    Credit Card vs. Debit Card Wells Fargo Active Cash Card
    Explained In Under 2 Minutes Annual Fee - $0
    https://www.youtube.com/ Rewards Rate - 2%
    Intro Offer - $200
    watch?v=T3wxogO1nYU
    Recommended Credit Score - 690 to 850

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