What is it?
A digital wallet is an app or online service that lets you store payment information and make transactions electronically.
Tech Understandability: Beginner
Simple One-Sentence Definition
Digital wallets allow you to pay for things without cash or cards.
Analogy or Comparison
Think of a digital wallet like your physical wallet, but on your phone or computer.
Why it matters?
Digital wallets make payments easier and faster, and they can improve security.
Fun Fact
The first digital wallet was launched in the late 1990s.
Related Terms
Cryptocurrency: A digital currency that uses cryptography for security and operates independently of a central bank.
Mobile Payments: Transactions made through a mobile device, often using apps or digital wallets.
Tech Teacher 
Leave a comment