What are the practical applications of the Digital Wallet in the crypto industry?

Digital Wallets in the crypto industry have several practical applications. They allow users to store, send, and receive digital currencies like Bitcoin, Ethereum, etc. They also enable users to monitor their balance and conduct transactions from anywhere in the world. Digital Wallets can also bring crypto to more users and geographies, as they do not involve any additional integrations, volatility risk or incremental transaction fees for either consumers or merchants. This can fundamentally bolster the utility of cryptocurrencies.

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CEO Dan Schulman stressed to the investors that Digital Wallet will bring crypto to more users and geographies. Schulman also did a great job promoting the digital product features and convenience by saying: "This solution will not involve any additional integrations, volatility risk or incremental transaction fees for either consumers or merchants, and will fundamentally bolster the utility of cryptocurrencies. This is just the beginning of the opportunities we see as we work hand in hand with regulators to accept new forms of digital currencies."

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